CIWM Review of 2022 Plus trustees, report and financial statements for the year ended 31 December 2022 Together, we stand for a woAd beyond wasle CONTENIS Contents 03 President'5 foreword InlrodLCtion from Dr Anna Willeif5. 04 Yeor in numbers Roundup ol key 51015 From the yeor in Infyrophic. 06 Mopping Out the fulure CIVVM Is working lo *qvip the s¢ckor with the skills ond innovolion needed for o circulgr economy lulure. We look ol some ol ils iniliolives, including the Skills lor the Fulure Working Group and Ihe Policy ond Innovation Forum. reoking down burriers Wle r=Il=cl on the 2022 PTe3idenlio1 report 'Improving the woy we regulote ¢irers upgmded to Chartered status letsrner$ tompleted ¢IWM qualifi¢ghons gnd trgining people registered on the Mentoring platform EPO¢ ¢ertifi¢gte5 ovrnrded 170 rESi5ts& a5mEtts, 91 a5menkn5, 26 menke5 Online presence 232,804 1,163 unique visitors to Circular Online mbar of Connatt posts 67,961 36,000 followers on social media A 2?% incw*on 2021 ttvrimer. Linkairt. CIr a greener, more circular lulure lor th indusffy. Pion*rin9 professional standards Nurluring innovation AdvoKaling with on ouihorilolive voice Enhoncin9 engogemenl ond conTrecliviV Culiivoling communilie5 01 pioclice leoding Ihiough excellence. From the lounch ol the Nel Zero Roodmop ond e3lobli5htnenl ol Ihe Ski115 lor Ihe Fulure Woiking Gioup, lo Ihe lormglion ol Ihe Climole Emergency Siiolegic ExpÈrl Group ISEG 06 CIWM Review 012022 MAPPING OUT THE FUTU*E The muliiFoceled CIWM strategy ouilines the rtrle the Inslilulion and Ils members will play in shaping the hJlure ol wosle, recycligg ond resource monogemenl, in line with rhe Unil&J Nolions Su510inoble DeJelopmenl Gools. IF oim5 to leveroge the exper115e ol 1he wo51e ond resourcé manogemenl seclor, wilh o sloled mission 10 unite, equip and mobilise our prol&ssionol community lo lead, inlluence and deliver the science, slralegies, businesses ond policie5 lor the su510inoble rnonagemenl ol re50urce5 ond w051e Nel-zero roadmap One notabl& mileslone lor Ihe CIWM slralegy was the launch, in Augusl 2022, 01 A Nel Zero Rojdmop for CIWM, which delails the InsliKJlion 5 Foihway lo nel zero. IF also brought lorword 115 Forget daE lor ochieving Del-zeio em $510ns by live ygJr5, 10 2035 CIWMS Nel Zero Roadmap includes a 2019 calculalion ol the organ15alion 5 baseline carbon emissions Th15 provide5 a recenl picfure ol emission5, prior lo the Covid-l g pondemic, Ihcl rellecls o more typicol leJel ol ocliviw. The bosÈlinÈ lor CIWM Jnd WAtyIITAB w05 SÈ101 2,315 lonnè5 CO?., wilh 95.8 per cent ol lh& Èmissians clossilied os Scope 3 Isuch os Ihose as5(￿lated wilh inveslmenls ond supply choinsl. The roodmop 0150 ideplil e5 the ky ore05 Ihol will be ddrÈssÈd lo decorboni5e rÈdutÈ Èmission5 across scopÈs 1. 2 and 3. Sieps on the roadmap includè". The Climate Emergency SEG was formed to cover the resources and waste management sector s role in preventing climate change Reducing emissions resulting from inveslmen15. Thi5 involve5 chonging behoviour lo improve energy elliciency cnd whilÈ olso Èngaging wilh thè supply choin lo gain ts more deloilwj underslonding ol emissions associoled wilh oll busine55 aclivilies lo assess Scope 3 emi55ions occuralely Decarbon15ing the delivery ol events ond training services. with QO per cent ol Iroining lo be online Oplifflising business trgvel. culling cgr iourneys ond only using oir IrovÈl whère Il Is unovoidoble Divesling inveslmenls owoy from Fossil fuels and selecling corbon-neulrol iTrveslmen15 Reducing the orgarhisalion s reliance on prinl media lo comtnunicole ond Switching lo online os o delryuli 79 CIWM Inlends lo reporl anrrually agairbsl these largels so Ihol il can lead by example while making o conlribulion lo reducing ÉJreeDhouse gas IGHGI emission5. Skills for the fu￿re As the sector Ironsilions loword5 0 gr*ner. more circulor re30urces ond woste monogemeTrl role, ensuring the sE(lor ha5 the right 5ki115 lor the lumire hos Lecome o cole port ol CIWMS slra1egy In Moy 2022, CIWM Pr&sidenl 2021- 22 Dr Adam Read, was selected lo loin the UK Governments new Green lobs Delivery Group Iihe GIDGI. This wa5 in response lo his imporlonl 2021 Skills for the Futyie Pre5idenliol Report, which outlined how the sector should ensure Il hos Ihe right 5ki115 Qnd COmFelencie5 to Iron511ion loword5 0 FU￿re circulor, dÉcorbJnised *onomy. The GIDG Includes Inviied A5 pJrl ol thi5 5UStoinobility I￿V5, In September CIWM also announc&d o new SEG on 1he Climat& Emorgeng 10 oversee arbd guide Ils woik In this orea, led by CIWMS chair ol General Council liz Porkes. The Climate Emergeng SEG wos lormed lo cover the resources and wosle monogemenl 5eclor5 role in preventing climole chonge- os well gs the negj loi the secloi lo be beller prepored loi climole impjcls. 07 CIWM Review 012022 MAPPING OUT THE FUTURE leoders from business, industry, Iiade union5 ond acodemio lo act on upskilling and training green worklorcÈ ol the hjlure. CIWMS preserhce within Ihe group ensures the ￿t0[S voice 15 hwrd and the InslihJlion conlribules hJlly lo developing o nolionol 51rolegy, which oims lo creole ond supwrl up lo Also, as port ol CIINMS ongoing learning and Developmerrl Siralegy. CIWMS Skills lor Ihe Future Working Group provided dirèclion ond dèvelopéd a com¥l&nce framework or the sector. which will be lo ensure Ihe full range ol skills idéniiliéd in Ihe new réseorch oré represénléd. 480,000 5killg4, .,ell-pJid green lob5 by 2030. The Ski115 lor Ihe Fulure Working Grovp olso help>4 lo delivei improved seclor oworene53 through ongoing eng0gemenl with government deporlmenls, including Delro, the Dewrlmenl lor Bu5iDess, Energy ond Induslriol Sirolegi, the Dep)rlmenl lor Educ(Jlion, and the Dewrlmenl lor Work and Pension5. The imFX>rlanc& ol upskilling the sector lor new opporlunilies in a growing circLlar economy sow CIWM commission o lollowon green ski115 report Irorn con5ulioncy Inlelisos, with reseorch conducled in oulumn 2022 lor publicolion In 5Plln9 2023. This 15 designed lo piovide on evidence bose lor CIWM'S response lo Ihe GIDG, os wèll os help CIWM members. and rhe wider seclor, lo undersland thé skills an¢J job needs lor the lulure. The Ivluie 5ki11s Q9endo w05 olso the I￿v& ol o new GrÈÈn Skills pcdcosl launched In Morch, lÈoluring Dr Reod and CIWMS professional sérvices director Katie Cockburn. CIWM Key policy themes CIWM Purpose- the ploce we ore tryin9 19 gel lo To move the world beyond waste The circulor economy is where our sector operoles- we ore lo il working Circular Economy The key poliry oreos Ihol influence ond Imwcl rhe Circular Econow ond w?ere CIWM will locu5 ils energies or,d ellorls Res¢urJdin9 to deloy5 A5 leotn5 ore stnoll ond the work si15 51ighiW outside the delivery ol 'torÈ businÈss', IherÈ Is IhÈ potrÈnliol lor individutslÈ lo hovè disproporlionole Inlluence on decision-mokin9 wiihoul ensuring 5ufFicienl scruliny and ?ccounlabiliV limited joint workin9 or hormonisalion ol opprcoch ond deci510n3 bebNeen notion5 leods lo multiple opplicolions Scope ol opinions to the wider sector Some operolors see an Eow opinion as a commercial advarhloge. and Iherelore deli￿ratelY seek lo make Ihem bespoke lo their prcducl or Ireolmenl prcLess proleclion/oufcoTne 'Lev81 playing field, beyond UK borders There is o perception Ihol oiher notions loulside rhe UKI lake a more reloxttj opprooch lo EOVV Uncerloinv oround Inlernolionol mryJemen15 on opinion Irom o UK iegvlolor moy nol shored by Ihe [￿e1vIng county ond vicé verso CIWM Review 012022 bREAKING DOWN BAKKIERS Recommendations Eighi key proposed solulions were recommended Ihal have the polenliol lo improve the applicalion and regulolion ol Eow in the UK.. Prooctive supporl to clarify the Eow posihon for produd5 prdvced by new ￿chn0k￿le5- The governmenl and regulalors could reduce uncertainty and shape the eDvironrnerhlol oulcome5 they want lo see by working prooclivew with the secto- lo d=Iine how produc15 would Ireoled ond used in Ihe supply choin • In¢rease ¢ollaborution betsveen nalionul re9ulutrJrs- Addie551ng dilleienl apprcache5 and p0511ions Eow behAEen nalionol regulators In the UK. the reporl recommended rtreslablishirhg regular meetings ￿tWeerh Eow teams in rhe nolioDol regulator5, s*king lo agree con5islenl w5ilions ond publi5hin9 joint UK-wide 9uidonce wherever possible. Improve confidence in 58IFYertification - Wilh o simplilied system and Improved guidooce on EOVI assessment, regulalors could profflole a slrolew Ihol empower5 operolors and the morkel lo make 5ellferlilicolion deri5ion5 on Eow. • Levernge existing enwronmenl and moA(et controls lo demon51rale EoW- Explorirhg rhe polenlial lo leverage exisling regulatory and producl conlrols lo control risk. Raiher Ihan the complex 51aDdalone process Ihal Iocu5es regulolor resources on the complionl businesse5, moTry ol the concerns ond risks Il 5*ks lo miligotÈ could ￿ tonlrolleA W IhÈ morkÈls. prtr4utl slandords and éxisling r￿Ul010rY conlrals. . Small changes to the Eow application service to impro customer sali5fadion- With Ihe Eow submission process, a nLfflber ol lo*"cosl change5 could be made Ihal would impiove the perception ol the service ond odvice. This could improve relolion5hips behmeen regulglor5 Qnd 51okeholders. . Ak8rnalive approaches to assessing risk to the 8nvironm8nt rb4 human health - The Eow assessmerbl should also consider o lil•cle opproach lo Ihe environmental ond human health impocls ol the oliernolive lole ol material il il remains w051e ond hos 10 90 lor recovery or d15wsoI. Improve in￿ll19e￿ce thrnvgh digiknl tracking- Digifal wa51e Irocking hos the polenliol lo Ironslorm inlelligence ol wa51es considered lo hove mel Eow 51olus. Helping lo oddress the low lÈvÈls ol ÈnlortÈmÈnl, regulalors tould htsvÈ alm051 rèJl-limÈ dalo on laods moved as Eow. allowing losl in1*rv&nlion and monitoring lo prévent environmental harm and risks lo human health. Outcome The Presidenlial Reporl ollowed Dr Anna Willells rhe opwrlunity lo engage adively and positively with the sector and regulalorg, commencing conver501ions with the Eow leoms in eoch nation and con51derin9 WQ51e 51reoms thol could be worked on, loi the benelil ol the se￿10r. Th15 worc is ongoing ond further convÈrsolions wilh regulalors planned. Improve underslrJndiNJ of EoW- Troining on EQW i55ue5 lor regulator stal-' visiting wa51e tnanogÈmÈnl 5itÈs could oddre55 low levels ol aworeness and understanding ol Eow issues. CIWM Review 012022 EVENTS Knowledge sharing and thought leadership CIWM continued to push forward on the green agenda and influence F)olicy on waste and resources ocross a broad front in 2022, while regional centres staged events in person and online to infonn mern1￿rS and help them share knowI￿ge around key issues facing the sedor Across the UK and Ireland. CIWMS l O regional cenlres had busy 2022, wiih their viral input inlo CIWMS core initiative5 such 05 the EDI ood volunteer strolegies, while olso reKJrning 10 even15 ofter the pJndemic Cenlre5 olso conlinued the Use ol wèbinJ15 ond virluol gaihÈiing5 to shtsrÈ knowlÈdge expérlise online Over the course 012022, Wole5 Centre held regular bi￿OnihIY couDcII meetings, wiih 115 AGM slaged in April. The centre also held o winter webinor event in Novetnber. In Moy, IhÈ tÈnlrè h051ed IhÈ Re￿U[te ConlèrÈncÈ Cymru 2022 event In Cordill. where delegoles discussa the key issues and opwrlJnilies Woles laces orp ils jourr)w lo One Plonel living. Issues oround ochieving nel zero, the green [￿0verY ond response lo the climole emergency feoKJred on the ogendo In SÉptÈmbÈr, Ihe cÈnlrÈ prÈsÈnlÈd lo Ihe WÈlsh Governmenls Clima1e Change, Environmen1s on¢4 IDlraslruclure Comm Ilee. Consuliolion respon5e5 Included view5 on Nolural Resources Wole5 INRWI permiks ond licences chorge5, while the cenlre olso workg9 with the Insti￿tIon ol Civil Engineers IICEI ond porlitipolion in quorlèrly meelings with IhÈ Welsh EnvironmÈnkol Services Assc£ialion IVVESAI In oddilion. Ihe region olso parlicipoled in the OplimiA Wosle and logisliu IOWII Wole5 RcKJdshow held ID Cordill in Nttlarch. ThÈ yÈoi sow South West Centre hold "Is Iirsl In-person evenl oher rhe pandemic, a5 well as conlinuirg lo make the mosl ol opporlunilie5 presented by onli?e evenls lor broader porlicipolion within Ihe region ond bwond. A 3eTrinor in Morch ol Bournemouih Univer5iV explorEd new l¢¢hnology ond r¢gula10ry dev*lopmenls, while in Plymouth, In Otlowr, mÈmbÈrs gotherÈd in Plymouih lor o seminor enliiled 'lnnovolion and beyond exploring the innovation revolulion Severol webinors were h051ed during the yeor, c(vering tOPlC5 such os 5ki115 ond troining. The AGM in April Included on online pie5enkolion new policy ond regulolory dÈvÈlopmÈnls, whilÈ IhÈ cénlre ran ond portrlundÈd on irrleroclive workshop event inJuly- 'Behavioural change lor rhe wasle hierorchy. Ihol Iocu5ed on behoviourol Science principles, ond explored Ihe borriers ond molivolions lo iTrcre051n9 wosle prevention, reuse ond rwcling. Drop-ln 5e53i0n5 weie orgonised lor membe15 lo shoie vie¥rfs/ cOn￿rn8 lor IhÈm lo lokÉ lo MÈmbers' Council. CIWM Review 012022 EVENTS Members ol CIWMS Midlands Centre enioyed a series ol meetings and events during the yeoi. several ol which were sloged in conjunction with other cenlres lo tnoximise the p)lenliol lor leorning ond knowledge 5horiTrg ocross Consultalion r•spons0$ 2022 April 5 AGM ond open mÈÈling IncludÈd a w051e indu$1ry seminar Ihal focused on aliernalively luelled collection Vehicles, which was lollThed by a Sile lour ol Bloby Wasle Moinlenonce Depot. ln June, rhe onnuol Croemer, IARAC ond CIWM Midlonds onedoy conference wos 51o9ed, with Ihe event bos94 oiound IhÈ iopic ol 'Advoncing TechnolcgiÈs lo Nel Zero,, ltsjking ol both lechnolryical developmenls ond Ihe skills issues invol in advancing climale goa15. later in August, a joinl Midlonds/ Eosl Anglion Centre reuse laciliv lour ond pre5enlalioD was held ol FCC droTroff Igcility in Norwich15ee below). OvÈr IhÈ yÈoi, thè Midlands CÈnlrÈ olso hosi& sÈveral webinors. including a jtsinl Eosl Anglio ond Midlonds Èvenl on the 'Wo51e legislative landscope al rhe end ol February Irb March and Odober Midland5 Member5 Council Represenlalive Nicola Walker hosted virlLpal drop-in sessions Ihol enobled member5 to shgre their views on i55ue5, while in Nmy.' A Roule Map lo 2025 and beyond CIVIM koiland response lo Waste Treolmenl Consuliolion lor BAT review CIWIM Scoilond re3ponse lo Scollish Ng9regole5 1 Qn5uliglion Following ils AGM in April, in Moy 2022. Eost Anglian ond Midlarhds Ceolres hosled o joinl Prolessional Development Network IPDNI meelin9 in Birminghom ol the EMR lacililies, with 0 se5510Tr covering both VVEEE ond tnelo15 proce331ng. In oddilion, the Eosl Anglion Centre wo5 0150 represented ol various oiher rÈgional ond noiitsnol even15 Ihroughoul the yeor Including Easl Anglian CIWM upgrade workshops. Resourcing the Future 2022 in london, the RWM exhibilion ond dinner in Birrninghom, and the RECOUP aDnuol conference in Peleiborough. Centre metnbe-5 olso beneliled From the opportunity tro loin other cenlres online webinor5 OC10S5 the yè21. shoring knowlÈdgÈ ond bÈsl proclice Irb August 2022. the East Angliarh Cenlre held a memwr meeting and hosled a joinl vi5il with Midlands Centre lo the FCC Norwich reuse dropoff centre mentioned oknve. This gov£ on opporluniv lo showcose the work FCC ond the chari1able orgoniwlion The Beniomin Foundolion ore doin9 10 oclively encourage reuse tsnd rewir CIWM Review 012022 EVENTS North West Centre orgonised and held o numb&i ol evenls during 2022. In April, il combined Ils AGM with a sile visit lo a moleria15 recovery lacility that included pie5entalions ond di5CU5310n on topic3 such 05 dep0511 return schemes IDRSI ond exkended pioducer resp)n51bility IEPRI. In Augu51, the cenire held Èvenl ol Blockbuin EnleipTISÈ Cenlré on rh& topic ol fléxible pockoging, covering processing, polio/ arrd Issues around colleclior15. In addition, a Chrislmas event ol Anlield IcK)Iboll slodium raised £2,745 lor Deria House Children 5 H05pice. North We51 Centre Council repre5enlglives g150 ollended o Moncheslèr Univorsity/CIWM nuCl￿r wostÉ ÈvÈnl in and supported the CIWM sland al lh& RWM exhibilion in September Consultalion r•spons0$ 2022 Northern Ireland Clkvm response HIM 07 01 technical guidance review CIVIM Northern Ireland response on the 055essmenl ol lechnicol compelegce under the Nl Wosle Manogemenl licensin9 ond Peimillin9 Re9itne CIWM Northern IrÈlond rÈsponsÈ Consuliolion lor the reducliorb ol singltruse plaslic ￿verage cups and Icod confairrer5 CIVIM Northern Ireland response Environment Sirolegy consuliolion CIVVM TÈ5POnSÈ lo ThÈ OEP Strtslegy Jnd EnlorcÈménl Policy During 2022, the N[￿ Eosi Centre conlinu& wilh suctÈsslul online formo15 lor ￿rnÈ ÈvÈn15 5Uth 05 Irs AGM in April. bul olso réinlroducéd lac*lcrloce m&&lings sincé 1he pandemic wilh o s le visit lo thé Terberg Molec UK workshop in March North East Centre Councillors continued lo provide a vilol link wiih CIWM hecdquorlers ond Iru51ee5 over the yecr. erisuring Ihe region s IEedbock w05 present￿ on o wid& rango ol lopics. Orb& ol Ihe cenl'e s Councillors led on the developmenl and engagement ol the new volunleer 51ralegy, With work continuing on this lo enhonce CIVIM volunteering opporlunilie5. North E051 Cenlre Councillor5 conlribulttl lo o number ol ¢on5uIIoiions Ihroughoul th£ ytoi, ond members also represented the Inslilulion ol the RVVM exhibilion ID September Irh NovemLEr, the centre held o member meeling and hosled o joint visit with the NW cenhe lo Ihe SUEZ Renew Hub in Monche51er, the loigesl%vch focility In the north ol En9lond. A Chri51m05 ÈvÈnl, with on opÈTr mÈÈling br mÈmbÈr5, W05 olso held lor Ihe First lime since Covid. Woles CIWM Cymru Wales re5wn5e on [￿QkIng ond wiihdrowing twenty nine wosle sfondord rules permiks CIVVM Cymiu Wo1È5 re5pJn5È to Drtsli EnviionmÈnlal Proleclion (Single-use ploslic prth4uclsllWol&sl Bill Republic of Ireland CIWIM IreloDd response lo Public coD5ulialion on the Droft Noliopol -ood W051e Prevention Ro)dmop CIVVM Irèland rÈ5pJn5È mltropla51ic5 pollution measures lo reducè ils iry)pocl on IhÉ Ènvironm&nl CIWIM Irelorhd response lo EU revision ol Waste Fromework Directive CIWM Irelond response lo EU Public consul￿110￿ Soil hejlih prot￿11￿9, 5U51oinobly mono9in9 ond restorin9 EU soils PJseDrop Oll tsntr . 'LLIJLJ CIWM Review 012022 EVENTS The Scodond Centre hÈld o voried programmÈ tsl virluol tsnd lactrltrloce evenls in 2022. Including on online AGM in April and a Christmos lunch hosled al the University ol Glasgow S￿e[al Neiwalking even15 also look place, with speokers from Zero Woste Scoilond, North Ayrshire Council, ond Eco3vreh/. 05 well 05 511e vi5115 lo voiious resource wosle managemenl ltscililie5. The ￿mbers, Council represenlalive held three online drow in se55ions lo engage with ScoNish members and give their feedthck lo MembeT5 CouDcil.The Scoilond Centre olso had re9ular meeting5 wiih Industry bodie5 Including the kottish Governmenl, SEPA. Zero Wgsle Scoilond, SESA ond RWS. II olso reswnded lo l O tonsuliolions . CIWMS London and Soutsm Counlies Centre h051&4 four OFen méelings in 2022123. 'G&llin9 10 grips with Nel Zero the Illegal Ex￿rIS ol Ploslic Wosle. a visil lo Beddinglon lane Energy from Wa51e Facility, with a selection ol pre5enlolioD5 on the sile i15ell, such 05 planning ond operolions, os well 05 o number ol events orgoni5ed by the CÈnliÈ 5 Prolèssionol DÈvÈlopmÈnl Ne￿ork Volun￿È[S. The london CÈnlrÈ olsts hèld Ils AGM on Zcom In April, whilè ils 64ih annual luncheon went ahead in December os planned. The cenlres council mel eight limes on Zoom throughout 2022/23 10 plan events ond conduct ongoing business. All The Republi< of Irelond Centre orgoni5ed the Irish Wo51e MonagÈtnÈnl ConlerÈntÈ in conjunclion wilh IhÈ Iiish Wa51è Monagemenl Associalion IIWIMI ol Ihe Aviva Siodium Conlerence Cenlre in W￿[ch, the theme ol which was 'The role ol the circulor economy in tackling climate chonge The conlerence sow over 400 delegoles In ollendonce ond offer o hybrid online ottendonce lor remote ottendees The Centre held Ils AGM onlinÈ In 2022 ond tnode 5ubmi5510ns on 51X consuliolions during the year. Including Ic%Jd waste pievenlion, microploslics and soil health. The Centre conlinues lo represenl CIVVM on exlernol groups and committee5 in Ireland, luding the Con51ruclion Vlosle Resource Group ond the Deporlmenl ol Environment, Climoke ond Communicolion5 IDECCI Nolionol WoslÈ ond Cirtular Economy Advistrry Group5, os wÈll os Ihe Noliunul Vlusle Plai deve'opmenl lorurri ThÈ Northern Irelund Centre wÈrÈ o busy bunch during 2022. We wèré proud lo g&1 the liM&i Picking Volunl&er Scheffle in ossocialion wilh the Duke ol Edinburgh Aword Scherne and Ga15ce The Presiden15 Aword up ond running. Our AGM on the 13th April w05 online ond Incorporoith o t￿hnIC01 lolk on o digilol DRS Iriol In Northern Irelond from 8ry50n RÈcytling ond CrYp1￿yclè In JunÈ, the inougural Norihern lieland Resources ond Wasle Monagemenl corhlerence look place in Bellosl ond in Noveffiber we hc51ed o breaklosl briefing in Anlrim focusing on the Wo51e Sector Seclorol Plon With o ron9e ol 3peoker5 Irom the Deporhnenl ol Agriculture, Environment ond Rurol Alfoirs IDAERAI Our membÈrs also Ènjoy>4 visits lo SieriwlÈ in MKJV, L]nd Envc in Oclobei Illlij, i) CIWM Review 012022 IMPACI AIID INFLiIENCE Impact and influence: leading the way towards a circular future Throughout 2022, CIWM built on its World Beyond Waste strategy with important policy inihatives, guidance and technical work to accelerate the ￿torfS journey towards a suslainable and equitable circular Rjhjre Whilè 2022 broughi o fresh sel ol economic chollénges or member orgarrisalions alier the Irovails ol the wndemic, CIWM conlinupd lo charl ils wih toward5 a more suslainable lulure lor both the resources and w051e monagemeDI sector ond the wider ￿Ono[ny. The Induslry s crilicol ond èvolving rolè in helping lo deliv*r o circular &conomy underpinned a number ol Ihe Inslilulion s aclivilies, From expanding educalion and learning and chompioniDg Ihe 9reeD skills agendo (both In the UK ond obroKJdl lo iniliolives orovnd wuring nel zero ond promoting 5usloinoble innovolion. Equality, divÈr5ity tsnd Intlu510n Kio5 ts1s0 high on IhÈ ag￿rIda In o year Ihal saw CIWM Introduce Ils First EDI slralegy, rellecling ils core values as Il builds towards rhe future. Leorning ond developmenl Over the course 012022, CIINM lounched o rofv ol new Iroining courses, eleorning progrommes ond quolilicolicrs. This included Ihree new Iraining courses, nine new trleorning courses ond three new healthcare wa51e quolilicalions. The y&)r 0150 50w wen new prisons ond three commerciol businesses goin CIWM opprovol lo deliver o ronge ol quolilicolicris. By growing 1he quolilica1ion cen1re ne1v¢ork, more individuols across Ihe UK have the oppor1unity lo occess Iroining and goin a recognis8J, accredited CIVIM qualilicolion. Elsewhere, CIWM reviewed ond updoled 115 Operolor Compelence kheme in 2022, delivering the m051 thorough sel tsl rÈvision5 lor more Ihan l O yÈors. The changes, which orÈ beirbg Introduced In 2023. will ensure the programmes conlirbue lo be i-lor-purpose and equip learner5 with the ski115, knowledge and underslonding they need lo work safely on sile. They will 0150 priorilise enviionmenlol pioleclion ond complionce with enviionmenlol peimi15 In April, CIWM also lounched Ihe fir51 prolessionalw [￿￿r￿ls￿4 conlraclor compeleno/ scheme lo improve heolih and safety in the melol regcling 5eclor. Developed W CIWM In a55c£iolion with the Bri115h Mefols Recycling ASS￿10110￿ IBMRAI, the Me￿1 RKycling Conlroclor Compelency Scheme IMRCCSI 15 designed lo providè evidénce ol Individuol conlroclors, copobility ond Whi Review 012022 IMPACT AIID INFLIJENCE tomwlenol, ènobling orgoni5alions lo quickly and aJ511y heck Ihal they have the requiied health, salety and wellbeing skills lo work on-site in the rnelal recyclirrg sector ComFelence lor MRCCS will be conlirmed by o Peo'50n VUE le51 ond evidenc￿ vio CIWM ProFile, o new digilol credenliols Sy31em lounchod W CIWM1051 ygJr Ihol ollows Il lo volidoled on- dÈmand vio a unique QR cde. A5 porl tsl Iheir role, P81 mÈmbÈr5 will acl 05 kntswlÈdge ambossodors ltsr CIWM, developing opporlunilies lor colloknrolive working and re5eorch, helping lo shape Ihe knowledGe copabiliv, inlluence prolile ol the Inslilulion, as well 05 the brTrJder resources ond w051e ogendo. As such, ils rale r&flecls Ihe piogress ond ombilions ol CIWM os il continues lo charl a wihway lor thé sector towards a World Beyond Vlasle. In September, another partnership saw CIWM begin delivering Veoliu'$ new Operotiontil Excellen￿ Munuger Progromme, o schetne aimed ol slren9ihenin9 Veolio s mono9eriol skills bose lo ochieve besl-In£los5 OFerolionol mono9emenl. An iniliol cohorl ol 15 èmplttpÈs bth3on Ihe nine lo 12.monih blendd-learning programme in 2022, with another 15 joinirpg in February 2023. The programme wos carefully d￿eloped The Dennakuwo Project was a first of its kind for CIWM. sharing knowledge and expertise of members on developing circular economy practices to advance waste and resource management capability thè cornpÈlènciÈs SÈI oul in IhÈ nèwly dÈvelopÈd CIVVM coM￿lenCe Framework. WusleAid CIWM was involved in iM￿rtOnI developtnenl porlnership obrood, loo, 05 (rom mid-lonuory, CIWM begon Ils porknership with W051ÈAid IhÈ InlÈrnolionol NGO Ihal shorÈ5 wa5 monagéménl ond r*cling skills In lowér" and middle-Incam& (￿rk￿leS. The aim was suppor'ing the developmenl ol waste mana9emenl in the Greater Ban ul Area ol The Gambio. The Dennokuwo Projecl, as il is known locolly, wos o lir510- ils kind br CIWM, shoring knowledge ond exFErli5e ol CIVVM mÈmEÉr5 through Ihé lunding ol woik on devÈloping circultsr ecanomy praclic&s lo acfvance woste ond resource monogeménl capability li included the lormalion of (J circular ￿OnomY nelwork, the delivery ol Iroining and eveDls, and o mentoring progromme EEhveen CIWM members In Ihe UK ond Gombion memLer5. Port ol the Iniliolive funded by CIWM Included o lo u￿ Chollenge, a comrÉlilion design&4 to hèlp F051- Irock circulor economy Iniliolives in Ihe wesl Alricon nation Policy ond innovolion A5 one ol Ikie pillors ol CIWM5 livryeoi 51rolw3y, nurluring innovolion Is Inexlricobly linked With the other 51rond5 woven inlo IhÈ World B*ond WoslÈ plan. Eslablished In lune 2022, Ihe Policy ond Innovalion Forum IP&II is designed lo be rhe main policy odvisory group wiihin CIWM li will provide insight arhd odvice lo the TnJsl* Board ond rhe Policy ond Technicol Teom on the moiF, Dollcy i33ue5 olltxling the Insti￿tIon ond 115 tnemLers In the 5eclor. It will olw thampion lor CIVVM and the work Ihol the industry tsnd its members undertake Gkl Under 115 rernil, the P&1 is ID the process ol developing o Ihre•eor wlicy ond Innovolion plon Ihol Se15 our the key polig ond lechnicol prioiilies lor CIWM. 11 Is 0150 105ked with-. dÈvÈloping budgÈtÈd proposols hr supporling rÈsÈorch ond evidence,. suppc>rling ond helping guide work under a number ol pillars wiihin CIWMS slTalegy,' overseeing the eslablishmenl ol SEGS lo rellecl rhe priorilies, ond 51eerins/tnoniloring the outcome3 ol Ihe work underloken by the SEG3, which will rep)Il into Ihe P&1. CIWM Review 012022 IMPACI AIID INFLiIENCE Festival of Circular Economy Demtrnslraling Ihe growing inleresl in lh& n(xvasle lulure. From 28 November lo l Decefnber. the second Festival ol Circular Economy lfflk place. wiih more 450 Feople from oround the world POTticipoling In the Inleroclive online evenl. Nfvre thon 00 sFEokers olfergj o ron9e ol piesenlolions ond keynoles over Ihe louidw evenl, which Ic(ua how ￿5110 celebrale nd support the global Iransilion lo o ciicular economy Ihrtsugh 5uslainobiliV and resource ellicierhcy It hosted speakers from some ol the world s be51-known bronds, including Google, Amozon, LEGO, Diogeo, ond I'oréol, 05 well a5 the Ellen MocArihur Foundolion, plu5 circulor ￿0￿0￿¥ pioneer5 TonylunipÈr ond Morg0 Hoek. ond orchilÈcl ond TV prÈsÈnlÈr Charlie luxlon. role in Iqe groups helped lo inlluéncÈ regulolory 9uidonce ond posilion slalem&nls, which were published al the end 012022 Equolity, Diversity and Inclu$i<)n Another Imporlont step toword5 incIu5ivIty w05 token by the or90n1￿tIon In April, when CIWM unveiled ils Equolity, Diversity ond Inclusion IEDII 31lat￿y, with a 51aled aim lo ensure Ihe Inslilulion Is 0￿rn and inclusive lo oll. regordless ol thckground, abiliw, eihnicity, gender or sexual orienlalion The development ol the Ihreeyeor 51role9y follow5 the crg)lion of CIWM 5 EDI VVorkin9 Group In eorly 2021. Wilh CIVVM commilled lo Ènsuring opporlunilies ond supporl orÈ lair ond equal across the organisalion, ils membership and the whole seclor the new EDI vision 15 Ihal 'lcgeiher, we will inspire and enoble fraDslormalional chonge lo creale a more inclusive seclor thol rellec15 the communities we serve BATS ond POPS CIWMS expertise in lechnicol issue5 so￿, Il invited, in October 2022, lo join thÈ govÈrnTnÈn15 UK BÈSI Available TÈthniquès IBATI odvisory group The UK BAT regimes purpose is lo prevenl or reduce industrial emissions ond impacts on the environménl. The group aims lo collaknrolively diSCLlSS the progress ol the System, priorilisalion ol the lulure BAT 5txlors, and generole geneiol deLole orouTrd the Issues ond moMer5 relevonl lo the indushy ond Ils diiÈclion al hJvÈl. Modern slavery Addressing anoihei I￿Ue ol concem lo rhe Inslilulion and wider s6rlor. CIWM marked 20225 anli"51avery &y OD 18 Oc￿￿[ hcx5hng o webinor on kholl ol Ihe Indirect Procuremenl Huma Righ15 Forum IIPHRI lo lounch the IPHR Wo51e ond Recycling Ivbdern Slovery Prolocol. And Following ils resporpse lo Ihe governments 2021 consulialion on polenlial omerbdmenls lo the Persislerbl Orgarbic Pollulanls IPOP5I Rtyulalion, io lanuory 2022 CIVIM joined rhe Delra Siokeholder Group looking ol this issue. Following OTr (rom Ihi5, in SÈplÈmbÈi, IhÈ EnviionmÈnl Agèn• IEAI ResolvÈr Group lor POPS in waslÈ upholstered seoling wos lormttd lo work oul solulions omong the resources and wosle monagemenl sector lor rnonaging this w051e 51reom Ihol could longer be londlilled. CIWM5 The IHPR hfydem Slavery ProlcLol is o voluntary agree￿￿tr and public pl￿ge ol commitment ol organi5alions lo work collaknralively tackle miAetn sl(wery and pr￿￿nI exploilolion or okwse ol worker5. In luw 2021, CIWM ond ESA Qnnounc￿ o joint commitment to lockle 51ov&ry, lorcga lob(wr ond humon Ir¢FFicking ocrogs Ihe induslry Since1h* launch, CIWM has Eeen SUPForling 0 number ol orgorhi9alions and inilialives lo r&Juce the risk ol ffodern slovery acros5 ils memberthip b]se ond the wider sedor. '. FEsmiAL OF CIRCULAR ECONOMY. ,. T'S TIME FORA RETHINK Bl FR BRI Ml ORCULAPITY TO LIFE CIWM Review 012022 tOOKING AHEAD 2023 at a glance We'll continue our joumey to a world Iwond waste by: Morking Ihe 125th anniversary of CIWM in June. celebroling oDr leodership in. and our influence ol, the resources arbd wosle mooagemenl sector. Providing Ihoughi leodership on the chonges, chollenge5 and opporluniliÈs locing our s*loi Ihiough our nèwly lorm*d Poliry & Innovation Forum and Ihe lounch ol live new Strategic Expert Groups ISEG51. Creoling new ond enhonced 51ralegi< purlnership5 with the developmenl ol o comprehen51ve 51okeholder mop Growing our communi1y through our newly laurnch￿ Technical memEer5hip grade ond by creating bespoke membership prop05ihons lor qual,licclicn and apprenticeship le=[n￿[s, Ogd lechnically cornpelenl rnaDagers. Improving IhÈ onlinÈ ÉX￿rIÈrn¢É loi our mem￿r$ with Ihè impl&mÈnlolicJn ol o digi￿1 evdution proj8d Developing o more Modern, ogile volunleer strulegy lo creole o thriving, diverse ond Inclusive volunteer nehvork. FurihÈr inlormolion on CIVVMS lulurÈ plons ctsn be lound on pogÈ 29. CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS CIWM Chartered Institution of Wastes Management (CIWM) (incorporated by Royal Charter) Trustees, report and consolidated financial statements Registered company number RC000777 A charity registered in England and Wales (1090968) and in Scotland (SC037903) 31 December 2022 20 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Trustees, report for the year ended 31 December 2022 General Council members, key management personnel and advisers General Council members Members of General Council who are the Trustees ol the Chartered Institution of Wastes Management and who all served in office throughout 2022, and up lo the date of signature ol the financial slalements. except where indicoted. were.. A Reod FCIWM CEnv Presidenl (in post until 30.06.22), Immediole Posl Presidenl {in post from 30.06.22) Sènlorvlcè Presldent{In post unlll 30.06.22), Presldent(In post from 30.06.22) Junlor Vlce Presldenl (In post unlll 30.06.22), Senlor Vlce Presldent (In post from 30.06.22) A Willells FCIWM D Cooke FCIW T Nicoll FCIWM Immedlale Past President (In post unlll 30.06.22) Honorary Treasurer Jvnlor Vl¢e Presldent (In posl from 30.06.22) J Kulner FCA CTA FCIWM T Wolker FCIWM CEnv W Hubbard FCIWM V Hughes FCIWM L Parkes FCIW L Ward FCIWM M Gover FCIWM D Simpson FCIWM CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Trustees, report (continued) Key Management Personnel S Pouller P Sloggett A Havard K Cockburn L Marshall FCIWM H Tovey Chief Executive Officer Morketing Director Operations Director Professional Services Director Policy and External Affairs Director Commerciol ond Membership Director -lin post Iiom Aug 20221 Reglstered offlce address Quadra 500 Pavilion Drive Northampton Business Park Norlhompton NN4 7YJ Webslle.. www.ciwm.co.uk Advisers Bankers.. HSBC Bank PIC SW Pavilion Drive Northampton Business Park Northompton NN4 7YJ Sollcltors: EMW Law Seebeck House. I Seebeck Place, Knowlhill, Milton Keynes MK5 8FR Investment monogers Brewin Dolphin Limited 12 Smithfield Street, London, ECIA9BD Rothbone Brothers PLC 8 Finsbury Circu5, London EC2M 7AZ Auditors.. Moore Kingston Smith LLP 6th Floor 9 Appold Street London. EC2A 2AP 22 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Trustees. report (continued) The General Council present their report and audited consolidated financial statements of CIWM and its subsidiaries for the year ended 31 December 2022. OBJECTIVES AND ACTIVIIIES Charilable Objects The stated Objects of the CIWM Group ore lo advance for the public benefit, the orl and science of wastes management worldwide and so lo promote education. the protection ol public health and the preservation ol the environment, ond lor Ihat purpose to fvrlher promote ond maintain good stondords of practice, competence ond conduct by all its members. Charitable purposes that provide benefit lo the public are defined by the Charities Act 2006. The Charity Commission have issued guidance concerning the sort of charitable activity that might fall within each of the charitable purposes defined by the Act including examples ol the type of chority thol might carry out oppropriote octivities. The General Council has reviewed the definilions in Ihe Act and considers that the Charitable Objects ol CIWM fall within three of the charitable purposes. namely.. the odvancement ol educotion., the odvancement ol environmentol protection or improvement- and the advancement ol health. The General Council of CIWM have olso reviewed the guidance issued by the Chority Commission and consider that the activities ol the CIWM Group comply with the crilerio slated in that guidance for each of the respective charitable purposes noted above Objectlves, Alms and Intended Impacl CIWM'S purpose is to move the world beyond wasle. Our mission is to unite. equip and mobilise our professional community lo lead. influence and deliver the science. strategies, businesses and policies for the su5toinable monogement of resources ond wasle. Our value proposition is 'creating more for professional life, the benchmark of professionalism, resources and achievement lor our sector. We deliver thi5 through the CIWM Way which 15 0 stotemenl ol our values,- collaboration, creativity, determinotion. odoptotion ond considerotion. 23 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Trustees. report (continued) Objectlves, Alms and Intended Impact (contlnued) Our slrategy outlines the role CIWM and its members will play in shaping the future ol waste, recycling and resource management. in line with the United Nations Sustainable Development Goals. It ig centred around six themes thol will enable our orgonisation to act as a vital change ogenl for the Ironsilion lo o low-corbon circular economy. l . Pioneering professional standards 2. Nurturing innovation 3. Advocoting with on outhoritolive voice 4. Enhancing engogemenl and connectivity 5. Cultivating communities of practice 6. Leading through excellence As we implement our strategy. you will see us doing more of what we do best.. delivering high- quolity services and developing new opportunities that are consistent with our core purpose and volue5. This will be enobled by conlinuing to operote o sound, not-for-profit business ond su5toining day-to-day operations whilst investing in fulure opportunilies. The objectives outlined in these theme5 reflect both CIWM'S long held priorities as the professional body for the Sector and its additional objectives a5 a qualifications awarding body.. advance the scientific, technical and practical aspects of resources ond wostes management for the benefit ol the environment.. promote high stondards of proclice, competence ond conduct ocross Ihe sector; promote the importance ol independently recognised professional competence., roise oworeness and understonding ol resource ond woste issues omongst oll sectors of society both within the United Kingdom ond internotionally., promote ond award qualifications and learning that underpin high slandords of education, proctice ond competence across the sectors it seNes', develop and support systems lor the assessment and award ol apprenliceships,. odvise environmentol regulolors on skills ond quolifications in support of technicol competence., influence the development of policy lor new education frameworks and qualifications,. and reseorch. devise ond develop quolilicotions ond learning products to support skills and leorning requirement5 in relevonl odjocent industry seclors of the UK ond overseo5. In setting the CIWM Group'5 objective5 ond in plonning the Group's oclivitie5 the Generol Council have given careful considerotion to the Charity Commission's general guidonce on public benefit and to its supplementary public benefit guidonce on fee-chorging. The Generol Council confirm5 thot Trustee5 hove complied with the duty in Section 17 of the Chorities Act 2011, to have due regard to the Charity Commission's general guidance on public benefit. including the guidance 'Public benefit.. running a charily IP821" 24 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Trustees. report (continued) Prlnclpal actlvltles CIWM delivers 115 aims and objectives through different activities, most of which, because of their relevance and importance. remain constant from year to year. These are in line with the CIWM strotegy which cements these activities into the six pillars ond CIWM Way referenced above. As a membership organisotion, CIWM remoin5 dedicoted to seeking to improve the member experience and provide members with the tools and support to achieve success in theirjobs and careers. including through qualifications and skills solutions. CIWM works collaboratively internally and externolly to Shore knowledge and good practice and to provide solulions for members, learners, cuslomers, employees and Ihe environment. CIWM seeks to operate ils organisation ethically, sustainably and professionally with excellent customer service. It promotes. maintains. improves and recognises professional standards in the sector.. and promotes and awards qualifications ond leorning. In all its work. CIWM endeavours lo be lopword-thinking ond innovotive in how it develops ond implements service ond policy ideas, ensuring value for money for members, learners, and customers. CIWM hos a strong outward focing role. focLJssing on using the knowledge. credibility and authority it derive5 from its member5 to- influence policy and regulatory developmenls affecting the resources and waste management sector in the UK and Ireland., influence the sustainable performance ol other industry sectors and of society generally; and help to Show Ihe sector in an accurate and positive lighl in the media and in direct communications. Work in these oreas includes,. working closely with representotives ol government deportments and agencies to inform ond influence policy and regulatory developments in England, Ireland, Northern Ireland, Scotland ond Woles and in the UK as o whole.. working with partners lo inform ond influence policy and regulatory developments in the EU and more widely.. 5UPPOrting governmenl ot centrol. devolved ond locol levels. Iheir ogencies ond olher orgonisotions in the delivery of projects with relevant outcomes including the improvement of environmental quality,. waste reduction.. the establishment of improved reporting and monitoring methodologies and systems.. and relevant qualifications and skills solutions.. ond working in colloborotion with relevant portners to estobli5h, promote ond deliver technical reseorch, relevant training and educational resources, and professional compelence schemes ond leorning lor the industry. 25 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Trustees. report (continued) Volunteers The General Council is groteful to the large number ol members leslimated to be in excess of 4ffl1 who support and contribute lo the organisation's work through their service on commillees. forums, Strolegic Expert Groups. Centre Councils. and Working Porties ond in representing the Group on other outside bodie5 and orgoni50tion5. This commitment by volunleers enables the CIWM Group to drow on o depth and breodth of knowledge of resources and w05te management and ol olher pertinent sectors and competencies which is unrivalled,. and which establishes and enhances CIWM'S slalus. reputation and influence. ACHIEVEMENTS AND PERFORMANCE Actlvlties undertaken during the year The CIWM Group has sought lo deliver the objectives and octivities outlined obove by undertaking o voriety ol specific initiotive5 and octivities during the yeor, mony in portnership with other orgonisations. Further details about these are given in Ihe Annual Review section ol this document. FINANCIAL REVIEW AND RESULTS FOR THE YEAR Trustees are pleased to be able to report a consolidated net operating surplus on General Funds of £282.15412021'. £222.7631. The budget for the year had been set to show a small surplus and the actual result reflects the commitment ond hard work put in by Trustees. Centres. and stoff. The Trustees have again forecasted a small surplus for 2023. Commilments for expenditure on awords to projects approved by Trustees under the Reserves Policy amounted to £270,570 12021: £150,000). Further deloi15 01 projects approved ore Set out below ond in note 15 to the Finonciol Stotemenls. Due to the downturn in the financial markets. there were realised and unrealised losses on investments of £822,481 12021- goin £536,289). These are almost oll unreoli5ed Ios5e5 on the investments and there is no likelihood ol there being o requirement to sell the investment5 in the near future. The Golo Dinnerond the London Centre Christmas Lunch, which ore deemed to be non-choritoble activities. are the only activities in CIWM Enterprises. CIWM Enterprises closed the financial year ended 31 December2022wilh o profit of£66,149.' the comparative for 2021 was o profit of£57.546. The total net movement in funds lor the year alter the expenditure on projects from reserves and the realised and unrealised losses on investments was a deficit of £810.89712021.' surplus £609.0521 which resulted in a reduction in Totol Funds from £7.389.418 at the end 01202110 £6,578,521 ot the end of 2022. 26 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Trustees, report (continued) ReseNes pollcy The total unrestricted funds (that is the Designated funds and the General Funds) held by the group as at 31 December 2022 were £6.553.94812021-. £7.364.8451. Reserves ore required to provide the charity with a firm linanciol foundation and to provide the stobility required to fund doy-to-day operotion5. They olso provide the funding for future investment whether on essential capital requiremenls to support Ihe operational delivery ol the charity's aims and purposes. or on the research and development of new activities or longer term initiatives. The Trustees have reviewed the reserves of CIWM taking into account relevant factors, including: forecost5 for levels of income for the current ond future yeors, toking into occount Ihe reliability of each source of income and Ihe prospects for developing new income sources.. forecasts for expenditure for the current and future years on the basis ol planned activily,- analysis of any lulure specific financing needs. for example to maintain and replace tangible and intangible fixed assets Based on this detailed review. Trustees have concluded that reseries al a volue of approximately £1.5 million are required to finance the charity's day-to-day operations. Free reserrfes in the Generol Fund exceed this minimum level by £4,825k. The Trustees ore utilising part of these reseNes each year in the furtherance of their objectives by allocating amounts to specific projects. A total amount of £255,71412021'. £400,0￿) was allocated to such projects and transferred from General Funds to Designated Funds Having agreed. in principle, in 2021 to make donations ol up lo £250,Offl to the Waste Environmentol Education Reseorch Trust IWEER Tl. on ogreemenl wos entered into with WEERT to enable them lo enter into a bock-to-back agreement with Oxford University lo allow each year, for five years, 72 children from disodvanlaged backgrounds lo attend a residential course on engineering including woste management. This agreement is for a total sum of £243.346 which resulted in a sum of £6.654 being transferred back from Designaled Funds to General Funds. Approvol wo5 0150 given for on omount of £230,000 to fund o study into EDI strotegy in the Waste Industry, for an amount of £15,714 for a study into Green Skills in the Waste Industry, and for on additional £10,000 towords the Waste Aid project previously opproved. An omount of £270,570 12021- £150,OCQI wos spent or committed during the yeor in respect of opproved projects. Investment policy ond objectives CIWM holds two portfolios of investmentsforwhich Trustees obtain expert investmentmanogement odvice from the respeclive discretionory investment monogerg. Both portfolios have a policy of medium risk with the porlfoli05 being invested primarily lo obtain the most effective capital protection and copilal growth over the longer term. with the objective of maintaining the copilol value above the rate ol inflation. Both portfolios exclude direct investment in companies involved in Tobocco, Armoment5, Pomogrophy, Gombling, Environmental pollution, and Fossil Fuels. All investment income received on both portfolios is reinvested. 27 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Trustees. report (continued) Investment pertormance agalnst objectlves CIWM'S investment portfolios have been managed throughout the year by Brewin Dolphin and Ralhbone Brothers PLC. Both investment managers are appointed on a discretionary manogement basis. During the year the Truglees received investment performance informolion and olher generol investment advice and comment from the respective discretionary investment manogers. The fv40 porllolios generated investment income of £1 01.25212021.. £95.0811 which was re-invested. The investment portfolios recorded unreolised losses for the yeor which tolal £801,686 12021.. unrealised goin £523,460). Disposo15 of investment5 mode during 2022 from the Iwo portfolios resulled in realised loss of £20,79512021'. realised gain £12,829). Rlsk Management Generol Council is responsible for the monogement ol the risks foced by CIWM. Detoiled considerations of risk are delegated to the Senior Managemenl Team. Trustees and senior managers recognise the importance of identifying risks and establishing systems and procedures to miligole those identified.. and this process is embedded in the charity's business planning which includes regulor review5 ond asse55menls of risks. The following key controls are used by CIWM to minimise risk wherever possible and to identify and then mitigate risks where they occur- formal agendas and detailed minutes for all Committee and Board activity,. deloiled terms of reference lor all Commillees. Boards etc.. formal eKFernal troining on roles and responsibilities for oll Truslees and senior staff-, annual review of oll risks by both the TrLJslees ond the Audit & Risk Committee and quarterly monitoring ol these risks by the Trustees-, comprehensive strategic plonning, budgeting and management accounting,. established orgonisotionol slructure and lines ol reporting with cleor oulhorisotion ond approval levels.. and regulor monitoring and review of Disaster Recovery Plan and Business Continuity Plan Appropriole record keeping 15 mainloined, including o Register of General Councillors, Interests. The Audit and Risk Commillee reviews all risks of CIWM. Moore Kingston Smith LLP, as part ol their audit. provide management reports to the trustees. advising on recommendations to improve internol conlrols. Trustees confirm that appropriate systems have been established to mitigate other risks identified.. but recognise that systems con only provide reosonoble but nol obsolute ossuronce thol major risks hove been odequotely monoged. The principal risks identified in Spring 2023 relate to the following areas.. People,. resilience of our orgoni50tionol structure, moking the best Use of the commitment and expertise of staff and volunteers and all working lo the CIWM Way 2. Impact and relevance: ensuring CIWM is relevant in the target market and ils action5 are recognised as impactlul. 3. IT stralegy.. specifically how we manoge and moke use of dolu ond Ihe Cyber rl$k$ related to this and the impact of poor dlgllal Infrastructure 28 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Trustees. report (continued) Rlsk Management (contlnued) 4. Meeting our KPIS for member and Income growlh 5. Strategic direction. porticularfy focuslng on the rlght thlngs. These risk areas have been further analysed into 7 risks each with a specific miligalion action plan owned by a member of the Senior Monogement Team. These risk plans will be outlined to the Trustees ot Ihe June 2023 board meeting ond then progress towards the mitigation actions identified using a RAG status reported al each board meeting. FUTURE PLANS CIWM'5 future plons are outlined in the CIWM five year strategy launched in 2021. Our strategy is about clear, decisive sleps to shape a future-ready, resilient organisation thol enables our professional community to be at its best and ready lo make our actions count. It is cenlred around six themes that will enable our organisation lo act os a vital change agent for the transition to a low-carbon circular economy. Pioneering professional standards We will continue lo sel and raise slondards for professional excellence - maintaining our support for the development of effective, successful. and quolilied professionols. Nvrtvring innovation As the age ol digitalisalion changes our wortd wilh breath-taking speed, we will 5UPPOrt our members and the global community by enabling and encouraging innovation. Advocatlng wlth an aulhorllatlve volce Our status as the leoding voice in the sector underpins our obilily to advocole on beholf ol our members. represent the inlerest5 of prole5siona15, influence society'5 opproach to resource monogement, ond promote Ihe benefit5 of a circulor economy. Enhanclng engagement and connectlvlty Resource efficiency is o global sociol responsibility. Our role is not only to inform ond educote businesses, orgoni50tions, ond individuols about thot responsibility, but also to inspire and enable them to take action - worfdwide. Cultivating communities of Practice We establish a culture and framework which encouroges professional relationships to flourish and members to promote ideas. impart knowledge. shore problems. suggest solutions. advocate best proctice. ond build personol network5 thol enhonce their coreer oppoitunilies. Leadlng through excellence Achieving our purpose requires on effective. efficient and high-performing membership organisotion. with financial slrength and orgonisolional resilience, which leads by example. Our ambitious purpose and strategy have been crealed as a collaboration behveen members and Trustees. 11 is owned by all of us. Because, together, we have the knowledge. creotivity ond determinotion to move the wodd beyond waste. The full strategy is available on CIWM'S website ot ciwm.co.uk slrale 29 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Trustees. report (continued) STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Document The Charity was formed in 1898. incorporoted os o compony limited by guarantee in 1908 and from 1981 was known as the Institute of Wastes Management. On l Morch 2002 it was gronted o Royal Charter of Incorporation and was renamed the Chartered Institution of Wasles Managemenl and, for the purposes ol the Charities Act 2011, is a charilable company (registered company number RCm07771 and has no shore capital. It is registered with the Charity Commission in Englond ond Woles under chority number 1090968 ond with the Office of Ihe Scotlish Chority Regulalor under chority number SC037903. CIWM'5 governing instruments ore the Royol Charter, 115 Bye-Lows, Regulation5 ond Proctice Directions sealed on l March 2(￿2. Where changes ore required each document requires a different approval process. The Royol Charter hos not been chonged since 2010 ond must be approved by Full Members al an Extraordinary General Meeting IEGMI and then requires approval of the Crown. Changes to Bye-Laws must be approved by Full Members at an Extraordinary General Meeting IEGMI, and then must be opproved by the Privy Council. Changes to Regulations must be approved by Full Members at an Extraordinary General Meeting IEGMI. Change5 to Practice Direclions can be made by General Council. In September 2021 an Extraordinary General Meeting was held lo make changes to the Conslitulion. mainly to correct minor inconsislencieg or lo bring the constitution up to dote with the current proclices such 0$ virtuol rother Ihon loce to face meelings. The most significont chonges were oullined in the 2021 Trustee Report. These changes were linolised by the Privy Council in February 2022. In July 2022 a change was made to the committees listed under the Practice Direcliong in order to formolly creote Ihe new Policy & Innovalion Forum. This new committee replaces Ihe previous Scientific & Technicol Committee ond provides insight ond odvice to the Trustee Boord ond the Policy and Technical Team on the nioin policy issues oflecting the Institution and ils members. It will also be a champion for CIWM ond the work that the industry and its members undertake. The governing documents can be viewed on CIWM'S website al ciwm.co.uk conslitulion. 30 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Trustees. report (continued) Appolntment and electlon ol General Councll members The Generol Councillors of CIWM, the registered chority, ore its trustees for the purposes ol chority law and throughout this report are collectively referred to as the General Council or Council members. The General Council consists of.. lal The Honorary Officers - President, Senior Vice-President, Junior Vice-President, Immediate Pasl-President. & Honorary Treasurer. Ibl Seven Generol Councillors who hove been selected based on skills The Chair is elected annuolly by and from the General Council. General Councillors are normally elected for a term ol three years.. retire by rololion and ore eligible lo sland lor re-election. Induction ond Training of General Covncillors All General Councillors omend troining on Trustee responsibililies sourced via the Notionol Council for Voluntary Organisalions INCVOI. We regulorly provide updotes to Trustees oboul relevant newsletters and guidance documents from the NCVO and the Chorily Commission. Periodically, troining on specific topics is provided for Trustees by suitably qualified individuals or orgonisolions. Organlsatlonal Management CIWM'S Generol Council hove overall responsibilily for the management ol CIWM and delegole various responsibilities to the CIWM leadership team and staff and to sub-commiltees. The terms of reference ond members ol these committees are outlined in the CIWM governing documents. Members, Council, the Policy & Innovation Fonjm ond the Quolificolions & Professionol Stondards committee all report into Generol Council and there are two reviewcommittees, focused on Audit & Risk and Corporate Governance & Professional Ethics. These have independent Chairs, with relevant speciolist skills and competencies. who are appointed for three year terms of office. Group Slructure and Relationships CIWM hos one Irading subsidiory, CIWM Enterprises Limited, o seporote orgonisotion which arranges non primary purpose activities lor CIWM. On 20 December 2021 the activities of the Wostes Management Industry Training and Advisory Boord IWAMITABI wos merged into CIWM and all activities of WAMITAB ceosed. The dormont subsidiories of WAMITAB, The Waste Monogement Industry Training ond Advi50ry Boord Skills Limiled Iformerly Asset Skills Lldl and WAMITAB Limited Iformerfy WAMITAB Services Ltd) also transferred lo CIWM ond remained dormant during 2022. During 2022 CIWM had four additional dormanl subsidiaries,- CIWM Inlernational Limited, Waste Smart Limited, Resource Smort Limiled ond Institute of Wasles Monogement. CIWM works extensively al regional and local levels Ihrough its Centres, which provide members with free and low cost regional events on a variety of topics and liaise with locol and regional orgonisotions. The Centres in the Republic of Ireland, Scotlond. Woles ond Northern Irelond work closely with their respective governments and other stakeholders. CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Trustees. report (continued) Group Structure and Relaffonshlps (conllnued) CIWM olso runs several task and finish or working groups in order to influence and support CIWM projects. In 2022 this included the Skills lor the Future working group which was formed lo advise CIWM'S work on development of green skills in the sector. Remuneratlon pollcy for key management personnel The Generol Councillors consider that the senior manogement teom, comprise the key monogement personnel of CIWM in charge of directing, controlling, running and operating CIWM on a day to day basis. The pay of senior managers is reviewed annually and increased, as appropriate. in line with average earnings. REFERENCE AND ADMINISTRATIVE INFORMATION Audltors The re-appointment of Moore Kingston Smith LLP as auditors of the company will be considered at the forthcoming Annuol Generol Meeting on 27 September 2023. statement on disclosure of Inlormallon lo audllors Each person who is o Generol Councillor at the date of approval of this report confirms that so far as the General Councillor is oware, there is no relevant audit information of which the company's auditors are unaware.. ond each General Councillor has taken all the steps that he/she ought to have token as o Generol Councillor to moke himselflherself awore of ony relevant audit information and to establish that Ihe company'5 auditors are aware of that information. 32 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS statement of responsibilities ol the Trustees of the Chartered Institution of Wastes Management The Trustees are responsible lor preparing the Trustees, Report Icalled Reporl of the General Councill and the financial slotemenls in accordance with applicoble law and United Kingdom Accounting Stondards (United Kingdom Generally Accepted Accounting Practicel. The law applicable to charities in England and Wales and Scotland requires trustees to prepare financial slalements for each financial year which give a true and fair view of the stale of the afloirs of the chority and the group and of the incoming resources and application of resources of the charity and the group for that period. In preparing these financial statements, the General Council are required to.. select suilable accounling policies and then apply them consistently., observe the methods ond principles in Ihe Chorities SORP., make judgements and estimates that are reasonable and prudent-, state whether applicable UK Accounting Standards have been followed, subjecl to any material departures disclosed and exploined in the financial statements.. and prepore the financial stotements on the going concern bosis unless it is inoppropriate to presume that the group and the charity will continue its activitie5. The General Council are responsible for keeping proper accounting records thot disclose with reosonoL)le occvrocy ot ony lime the linonciol position of the chority ond enoble them lo ensure that its finoncial slotemenls comply with the Charities Act 201 l. the Charity IAccounts ond Reports) Regulations 2m8.' the Chorities and Trustee Investment (Scotlandl Act 2005. the Charities Accounts (Scotlandl Regulations 2006105 amended) and the provisions ol the Royal Charter. They are olso re5pon5ible for sofeguording the o55ets of the chority and the group and hence for taking reasonable steps for Ihe prevention and detection ol fraud and olher irregularilies. The Generol Council ore responsible lor the mointenonce ond inlegrity of the chorily and financiol information included on the charity's web5ile. Legi510lion in the UK goveming the preporolion ond disseminolion of financial statement5 may differ from legislation in other jurisdictions. By order of the Generol Council J Kulner Honorory Treosurer 500 Pavilion Drive Northompton NN4 7YJ 20 June 2023 33 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES AND MEMBERS OF CHARTERED INSTITUTION OF WASTES MANAGEMENT Oplnlon We have audited the linoncial statements of Chartered Institution ol Wastes Management lor the year ended 31 December 2022, which comprise the Group Statement of Finonciol Activities, the Group and Parent Charity Bolance Sheets, the Group Cosh Flow Statement and note5 to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Slondards. including Financial Reporting Standard 102 The Financial Reporting Stondord opplicoble in the UK and Republic of Ireland Iunited Kingdom Generolly Accepted Accounting Practicel. In our opinion the finonciol stotement5'. give a true and lair view ol the slate of the group's and the porent charity's affairs as at 31 December 2022 ond ol the group's incoming resources and applicotion ol resources. including 115 income ond expenditure, for the yeor then ended- have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordonce with the Charities Act 201 l. the Charities and Trustee Investmenl Iscotlondl Act 2CQ5 los omendedl ond regulation5 6 ond 8 of the Choritie5 Accounts (Scollandl Regulations 2m6 las amendedl. Bosis for opinion We conducted our ovdit in occordance with Internolionol Slandords on Auditing IUKI IISASIUKI I ond opplicoble law. Our responsibilities under those 51andords are further described in the Auditor's Responsibilities for the oudit ol the financiol stotements section of our report. We are independent of the charity in occordonce wilh the ethicol requirements that ore relevant to our audit ol the financial statement5 in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sulficienl and appropriate to provide a basis lor our opinion. Conclusions relating to going concem In auditing the financial slatemenls, we have concluded that the Irustee5' use of the going concern basis of occounting in the preporation of the financial statements is appropriate. Bosed on the work we hove performed, we hove not identified ony moteriol uncertointies reloting to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of ot least twelve months from when the finonciol statemenls ore outhorised for issue. Our responsibilities and the responsibilities of the trustees wilh respect lo going concern are described in the relevant sectlons of this report. other Informatlon The other inlormotion comprises the infomotion included in the onnuol report, other thon the finonciol slotements ond our ouditor's report thereon. The trustees ore responsible for the other information. Our opinion on the financial Statements does not cover the other information and, except to the extent olhepNise explicitly stated in our report, we do not express any form ol assurance conclusion thereon. 34 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES AND MEMBERS OF CHARTERED INSTITUTION OF WASTES MANAGEMENT (continued) In connection with our audit of Ihe financial slatements, our responsibility is to read the other information ond. in doing so. congider whether the other information is materially inconsistent with the financiol statements or our knowledge obtoined in the audit or otherwise oppeors lo be moteriolly misstoted. If we identify such moteriol inconsistencie5 or opporent moteriol misstatements. we are required to determine whether there is a material misstalemenl in the finonciol statemenls or o moteriol misstolement ol the other informotion. If, bosed on the work we hove performed, we conclude that Ihere is o moterial misstotement ol this other informotion, we are required to report Ihat fact. We have nothing to report in this regard. Matters on which we are required lo report by exception In Ihe lighl ol the knowledge and understanding of the group and parent charity and its environment obtained in the course ol the audit. we have not identified material misstatements in the strategic report or the trustees, annuol report. We have nothing to report in respect of the following matters where the Charilies Accounts Iscollandl Regulations 2006 las amendedl require us to report to you il, in our opinion.. Ihe porent chority hos not kept odequote ond sufficient occounting records, or relurns adequate lor our audit have not been received from branches not visited by us,. or Ihe parent chority's financial statements ore not in agreement with the accounting records and returns., or certain disclosures ol trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit. Responsibilities of Irustees As explained more fully in the trustee5' responsibilities stolement Set out on poge 28, Ihe truslees are responsible for the preparation of the financial statements and lor being satisfied thol they give o true ond fair view. ond lor such internal control as the trustees determine is necessary lo enoble the preparation of linoncial stotements thot are free from moteriol misstatement. whether due to froud or error. In preparing the financial statements, the trustees are responsible lor assessing the group and parent chority's ability to continue as a going concern. disclosing. as applicable. molters related to going concern ond using the going concern bosi5 of occounting unle55 the trustees either inlend to liquidote the group or porent charity or to cease operations, or hove no realistic olternative but to do so. Audltor's responslbllttles for the audll of the flnanclal slalements We hove been oppointed os auditor under Section 441110 of the Chorities ond Trustee Investment Iscotlandl Act 2ffl5 and report lo you in accordance with regulations made under those Acts. Our objectives ore lo obtain reasonable assurance about whelher the financial slatements a5 a whole are free from material misstalemenl. whether due lo fraud or error, ond to issue an auditor's report thol includes our opinion. Reasonable assurance is a high level ol assurance. but is not o guarontee Ihot on oudit conducted in occordonce with ISAS IUKI will olwoys detect o moleriol misstatement when it exists. Misstatements can orise from fraud or error and are considered material il, individually or in aggregate, they could reasonably be expected to influence Ihe economic decisions of users taken on the bosis of these financial statements. 35 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES AND MEMBERS OF CHARTERED INSTITUTION OF WASTES MANAGEMENT (continued) Ag parl of an audit in accordance with ISAS IUKI we exercise professional judgement and maintain prolessionol scepticism throughout the audit. We also.. Identify ond os5e5S the risks of moteriol misstotement of the linonciol stotements, whether due to fraud or error. design and perform audit procedures responsive lo those risks. and obtoin oudit evidence that is sufficient ond appropriate to provide a bosis for our opinion. The risk ol not delecting a moteriol misstolemenl resulling from froud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresenlotions, or the override of inlemol control. Oblain on under5tonding of inlernal conlrol relevonl to the audit in order to design oudit procedures that are appropriate in the circumstances, bul not for the purposes of expressing an opinion on the effectiveness of the group and parent charity's internal control. Evaluate the appropriateness ol accounting policies used and the rea50nableness of occounting estimates ond related disclosures mode by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and. based on the audit evidence obtained. whether a molerial uncertainly exists reloted to events or condilions Ihat moy cost significont doubt on Ihe group ond porent chorily's obility to conlinue os o going concern. If we conclude thot o moleriol uncerlainty exist5, we ore required to draw attention in our auditor'5 report to the related disclosures in the financial statements or, il such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obloined up lo the dole ol our ouditor's report. However, future events or conditlOn5 moy cause the group or porent charity to cease to continue a5 a going concern. Evoluote the overoll presentotion, structure ond content of the linoncial 5totements, including the disclosures, and whether the financiol statements represent the underlying Iransoctions ond events in a manner thot achieves lair presentation. Obtoin Sufficient oppropriate oudit evidence regording Ihe linonciol inlormotion of the entities or business activities within the group to express an opinion on the consolidoted financial statements. We are responsible lor the direction, super/ision and performance of the group audit. We remain solely responsible lor our audit report. We communicote wilh those chorged with governonce regording, omong other motters, the planned scope ond timing of the audit and signilicont audit findings, including any significant deficiencies in internol conlrol that we identify during our audit. Explanatlon as to what extent the audll was consldered capable of detecllng Irregularltles, Includlng fraud Irregularitie5, including fraud, ore instonces of non-compliance wilh lows and regulotions. We design procedures in line wilh our responsibilities, outlined above, to delect maleriol misstalements in respect of irregularities. including fraud. The extent to which our procedures are copoble ol detecting irregularities. including fraud is detoiled below. 36 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES AND MEMBERS OF CHARTERED INSTITUTION OF WASTES MANAGEMENT (continued) The objectives ol our audil in respect of fraud, are-, to identify and assess the risks of material misstatement of the financial glalements due lo fraud.. lo obtoin sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud. through designing ond implementing oppropriote responses to those ossessed risk5,' and to respond oppropriotely to instances of fraud or suspected fraud identified during the audit. However. the primary responsibility for the prevention ond delection of froud rests With both manogemenl ond those chorged wilh govemonce ol the charity. Our approach was as follows.. We obtained on understanding of the legal and regulatory requirements applicable to the chority ond considered thot the most significont ore the Charities ond Truslee Investment (Scotlandl Act 2005 las amended), regulations 6 and 8 of the Charities Accounts (Scotlandl Regulations 2006 las amended). the Charities Act 201 l. the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council We obtained an understanding of how the charity complie5 With these requirements by discussions with management and those charged with governance. We assessed the risk of materiol misslatement of the financial slolemenls, including the risk of material misstatement due lo fraud and how it might occur. by holding discussions with management and those charged with governance. We inquired of manogement and those chorged with govemance as to any known instances of non-compliance or suspected non-complionce with laws and regulations. Bosed on this understonding, we designed specific appropriote oudit procedures to identify inslonces of non-compliance wlh lows and regulations. This included moking enquiries of management and those charged with govemonce and obtaining additional corroborolive evidence os required. There are inherent limitations in the oudit procedures described above. We are less likely to become awore of instances ol non-compliance with lows ond regulations that are not closely reloted to events ond tronsoclions reflected in the finonciol stotements. Also, the risk of not detecting a material misstatement due to fraud is higher than Ihe risk of not detecting one resulting from error. os Iroud may involve deliberote concealment by. for example, forgery or intentional misrepresentations, or through collusion. 37 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES AND MEMBERS OF CHARTERED INSTITUTION OF WASTES MANAGEMENT (continued) Use ol our Report This report is made solely lo the charity's trustees. as a body. in accordonce with Chapter 3 01 Part 8 of the Charities Act 2011 and Section 441110 of the Charities and Trustee Investment Iscotlandl Act 2005. Our oudit work has been undertaken so that we might stale to the charity's members and trustees those matters which we are required to state to them in an auditor's report addressed to them and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to ony party other than the charity and charity's members as a body. and the chority's trustees, as o body, for our audit work, for this report, or for the opinions we have form.pd. Date. 4 July 2023 Andrew Sticklond (Senior Stotutory Audilorl for and on behalf of Moore Kingston Smith LLP, Statutory Audilor 6th Floor g Appold Street London EC2A 2AP Moore Kingston Smith LLP is eligible to act 05 auditor in terms of Section 1212 of the Companies Act 2006 38 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Consolldated statement of flnanclal acllvltles for year ended 31 December 2022 Uniestrlcted funds Gèneral Designatred Endawmtrrtt Total lunds Total funds Fvnds Fur￿$ Fund5 Nole 2022 2021 Income Income from charflable acllvllles: Membership Subscriptions Alfilialed Organisalion income Regionol centre income Charitoble trading income Income from provision ofquolilic0t￿rn5 Income from trading aclfvtty.. Comrnerciol tradirhg operalions Investment income Inleresl receivoble Grant income other income 708,065 340,647 39,293 988,197 ,369,486 708.065 340.647 39.293 ?88.197 1,369.486 723.297 327.640 6.194 765.486 1.129.941 281,309 101,252 7.059 9,907 44,732 281,309 101.252 7.059 9,Y07 44.732 216.234 95.081 272 44.513 Total Income 3.889.947 3.889.947 3.308.658 Expendllwe Expendlture on ra151ng lunds Investment manogement Commercial trading operolions Charflable acllvllle$'. Charitable Iracling expenditure Provision ol qualifications 129.4011 1178,6431 {29.4011 135.2851 1178.6431 1148.3221 1437.3151 1293.7451 {1.817.1151 138.3601 157,8521 19,0731 1478,4421 1437.3151 1275.9981 1293.7451 1221.1061 11.817.115) 11.568.306] {38.3601 {57,8521 19.0731 1478.4421 1386.0851 Regional centre expenses Committee d*ected costs Committee wnning cost5 Premises cost5. Postage. stotionery. Communicotion5. rnorketing Re5trucluring costs Trovel ond occommoclotion Insuronce5 Qncl other Prole55ionol fees Arnorli50tion Depreciation Loss of Dispos01 of ￿Xed Ass&1 noncing tosts Grcjnls for Projetls 177.0581 125,2251 1155,2261 114.0531 141.3521 {25.2251 17.9651 1155,2261 1103.9761 {14.0531 {41.3S21 155.6671 17.4361 {31.9911 126.9761 1270.5701 I1￿,000] 131.9911 1270.5701 Total expendltuie {3,607,7931 1270,5701 13078,3631 13.235.895) Net Incomel {expendllurèl 282.154 1270.5701 11.584 72.163 Net galnsl {105sesl on InveslmeTrt assets 1822.4811 (822,4811 536.289 Nel Income/ lexpendlture} 1540,3271 1270,5701 (810,8971 609.052 Tronsfèrs bÈlwÈÈn funds 1249.0601 249.060 Nel movernent in lund$ 1789,3871 (21,5101 (810,8971 609,052 Totol funds broughlforward 15 7.114.845 250.OC¥) 24.573 7.389.418 6.780.366 Totol funds corned forwgrd 15 6,325,458 228.490 24.573 6,578.521 7.389,418 The Charity hos no recognised gains or losse5 lor the ye(Jr12021. £nill other than as detailed above. The nel movement5 in the Chorily's fvnds forthe yeor orise from the Chority's continving octivilies. Full deloils of comporotive figures for the yeor ended 31 December 2021 ond movement5 Ill the Unreslricled lund5 Endowment & Restricted Fund5 during Ihot yeorore shown in Note 15 to these financial 51atemen15. The notes on the followryng pages form part of these financial Statements. 39 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Consolldated balance sheet as at 31 December 2022 Note 2022 Fixed o55ets Intangible ossets Tangible assets Investments 10 10 34,686 29.811 5,180,158 39,239 70.476 5.938.592 5,244,655 6.048,307 cu￿ent assets Deblois Investments Cash al bank and on deposit 12 750.309 575.000 1,177,161 594.660 575.0(Xl 1.030.521 2,502,470 2,200.181 Credltors: amounts falling due within one year 13 (970.186) 1859.0701 Nel Current ossets 1,532.284 Totol assets less cuThenl IlablllNes 6,776,939 7.389.418 Credllors.. omounls falling due oller more thon one yeor 13 (198.418) Nel assets 6,578,521 7.389.418 Endowment funds Permanent 15 24,573 24.573 Restrlcled funds 15 Unrestricted fvnds Designated funds General funds 15 15 228.490 6.325.458 250.000 7.114.845 Totol funds 15 6,578,521 7,389,418 The notes on the following pages form part of these financial statements. These linonciol 5totements were approved by the Generol Council on 20 June 2023 and were signed on its behalf by.. A Willetts President J Kulner Honorory Treosurer 40 CIWM Review 012022 **TRUSTEES' REPORT AND CONSOLIDATED FINANCIAL STATEMENTS** ## **Chartered Institution of Wastes Management Charity balance sheet as at 31 December 2022** ||_Note_|**2022**||2021|| |---|---|---|---|---|---| |**Fixed asset**||£|£|£|£| |Intangible assets|_10_||**34,686**||39,239| |Tangible assets|_10_||**29,811**||70,476| |Investments|_11_||**5,180,265**||5,938,699| |**Curent assets**|||**5,244,762**||6,048,414| |Debtors|_12_|**742,764**||580,022|| |Investments||**575,000**||575,000|| |Cash at bank and on deposit||**1,031,085**||942,910|| |||**2,348,849**||2,097,932|| |**Creditors:**amounts falling due within one year|_13_|**(949,821)**||(823,928)|| |**Net current assets**|||**1,399,028**||1,274,004| |**Total assets less current liabilities**|||**6,643,790**||7,322,418| |**Creditors:**amounts falling due after more than|_13_||**(198,418)**||| |one year|||||| |**Net assets**|||**6,445,372**||7,322,418| |**Endowment funds**|||||| |Permanent|_15_||**24,573**||24,573| |**Restricted funds**|_15_||||| |**Unrestricted funds**|||||| |Designated funds|_15_||**228,490**||250,000| |General funds|_15_||**6,192,309**||7,047,845| |**Total funds**|_15_||**6,445,372**||7,322,418| The notes on the following pages form part of these financial statements. These financial statements were approved by the General Council on 20 June 2023 and were signed on its behalf by: **A Willetts** _President_ **J Kutner** _Honorary Treasurer_ **CIWM** Review of 2022 ~~**iii**~~ IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Consolldated Statement of Cash Flows for the year ended 31 December 2022 2022 Cash Ilow/(oulllow) Irom operating tsclivilies Net cosh (used inll provided by operating octivities 112,564 1190,0251 Cosh flows from Invesllng act5vlHes Inlerèsl. dividends ond other investment income received Proceed5 Iiom Sale of fixed ossetS Proceeds from disPOs010l fixed asset investments excluding endowment funds Acquisition of fixed asset investments excluding endowment funds IAddilionsl/disposals to investments in current assets Payments to acquire tongible ond intongible fixed ossets 108.311 95.353 781.996 689.531 1873.0101 1790.6101 424.823 139,5161 110,1881 7.109 379.581 Net Increase In cash and cash equlvalents 119.673 189.556 Cosh and cosh equivalents al beginning of yeor 1.235.687 1.046,131 Cash and cash equivalents al end of year 1.355,360 1.235.687 Cash and cash equlvalents al end of year comprfse Cosh al bank ond on deposit Cosh held within the investment portfolio 1.030.521 205,166 178,199 Cash and cash equlvalents al end of year 1.355.360 1.235.687 Rèconclllatlon of net Incom•/ (expendllure) to net cash flow from operattng actlvltles 2022 Net Incomel(expendlturel Inclvdlng endowments 1810.8971 609.052 Adjvstments for: Amortisotion/Depreciation chorges Loss on disposal ol fixed assets Net Igainsl/ losses on investmenls Investment income Decreosel lincreasel in debtors In¢reosel Idecreosel in creditors 55,405 69,495 7,436 1536.2891 195.3531 14851 1243.8811 822.481 1155.6501 309.536 Net cash (used In)1 provldèd by operallng acllvllles 112.564 1190.0251 The notes on the lollowing pages form port ol these linanciol stolemenls. 42 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to Ihe Flnanclal Statements for the year ended 31 December 2022 l Accounting policies The principal occounting policies adopted, judgements ond key sources of estimotion uncerlainty in the preparation of Ihe financial slatements are as follows.. 8asls of preparotion These financial statements have been prepared in accordance wilh 'Accounting and Reporting by Charilies.- Statement of Recommended Practice applicable to charities preporing their occounts in occordonce wilh the Financial Reporting Stondord opplicoble in the UK and Republic ol Ireland IFRS 1021, (Charitie5 SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the requirements ol the Charities Act 2011. the Charity (Accounts and Reportsl Regulations 2W8., Ihe Chorities and Trustee Investment Iscollondl Act 2005, the Chorities Accounts (Scotlandl Regulotion5 2006 lo5 amended),. the provision5 of the Royal Charter. The chority is a public benefit entity lor the purposes ol FRS 102. The financial statements are prepared in sterfing, which is the functional currency of the company and ils group. Monetory omounls in these finonciol statements are rounded lo Ihe nearest pound. The finonciol stotements hove been prepored on Ihe historicol cost convention, modified by the recognilion of certain investments ond financial assets ond liobilities measured at fair value throLJgh income and expenditure within the Statement ol Financial Activities. The preparotion of linonciol statements in conlormily with the Charities SORP IFRS 1021 ond FRS 102 requires the use ol certain criticol accounting estimates. 11 also requires management to exercise ils judgement in the process of applying the charity's accounting policies. The areas involving a higher degree of judgement or complexity. or areas where ossumplions and estimotes are 5ignificont to the finonciol slotement5 ore di5c105ed in note Going concern The Trustees have ossessed whether the use of the going concern basi5 15 oppropriote ond hove considered po55ible events or conditions thot might cost significont doubt on the ability of Ihe chority to continue os o going concem. The Trustees hove mode this ossessmenl for a period of al least one year from the date of approval of the financial statements. There are no moteriol uncertointies reloted lo events or conditions thol cost significont doubt on the charity's obility to continue os o going concern. The occounts therefore continue to be prepared on a going concern basis. 43 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2022 l Accountlng pollcles Icontinuedl Basis of consolidalion and Group financial stalements The financial statemenls consolidate the financial statements ol CIWM and ils wholly owned non-charilable subsidiaries. CIWM Enterprises Limited Itradingl. CIWM Inlernotional Limited Idormanll. Waste Smart Limited Idormantl. Resource Smart Limited Idormantl. Institute ol Wastes Monogement Idormontl. WAMITAB Limited Idormantl ond The Wosle Manogement Industry Troining ond Advisory Boord Limited Idormonll on o line-by-line basi5. Fund accounting General unrestricted funds comprise accumulated surpluses and deficits on general funds and cumulative realised and unrealised gains of the investments. They are available for use ol the discretion of the General Council in furtherance of the general charitable objectives. Designated funds are vnre5tricted funds which have been put 05ide at the discretion of Ihe General Council for particular purpose5. Each year Ihe General Council allocate an amount of money to be used to deliver Projects which support Clwm's objectives. Endowmeftt funds Permanent These are assets which must be held permanently by the charity. The capital element of permanent endowment funds is not ulilised, only the income from permanent endowment funds is utilised. Restricted fund5 Restricted funds ore funds received by CIWM for porlicular purposes and expenditure is restricled lo Ihat porlicvlor project. Income Income is recognised when CIWM or ils Iroding subsidiary has entitlemenl to Ihe funds. any performance conditions oltached lo the ilemlsl of income have been met. il is probable that the income will be received ond the amount con be measured reliably. Income includes amounts received ond receivable during the year by CIWM at heodquorlers. ils len regional cenlres.. and the turnover of the company's trading subsidiory. CIWM Enterprises Limited. It comprises subscriptions. donotions. gronls and chorge5 for services provided 5toted net of volue odded tox where opplicoble. Income from Centres is incorporoted on the bos15 of relurns. 44 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2022 l Accountlng pollcles Icontinuedl Income {continuedl Income from membership subscriptions is recognised when received and is allocated across the relevant period ol membership on a calendar yeor basis. Income from government and other gronts, whether "copitol granls or "revenue" gronts. is recognised when either of the chorities hos entitlement to the funds, ony performance conditions attached to the granls have been met, it is probable that the income will be received. and the amount can be meosured reliably and is not deferred. Inlerest receivoble ond investment income Interes1 on fund5 held on deposit and income generoted by Fixed Asset investments, including dividend income and interest, are included when receivable and the amounts can be measured reliably. This is nomially upon nolilication by the bank or the discretionary investment monogers of the interest paid or payable. or the income credited to the investment portfolios. Donated services and lacilities Donated professionol services ore recogni5ed os income when the chority hos control over the item, any conditions associated with the donated professional serrfice5 have been met, the receipt ol economic benefit from the use by the charity ol the services is probable and that economic benefil can be measured reliably. In accordance with the Charities SORP IFRS 1021, the general volunteer time ol the Members of CIWM is not recognised - please refer to the Trustees, Annual Report for more information about their conlribulion. On receipt, donated professionol services ore recognised on the bosis ol the value of the gilt to either of the charities which is the amount Ihot charity would have been willing lo pay to obtain services of equivalent economic benefit on the open market,. a corresponding omount is then recognised in expenditure in the period of receipt. Expendilure ond irrecoveroble VA T Expenditure is recognised once there is a legal or conslruclive obligation to make a payment lo o third party, it is probable that settlement will be required and the omount of the obligation con be accounted for reliably. Expenditure is classified under the following octivity heodings.. Expenditure on raising funds comprises the costs ol commercial trading and lees paid lor the discretionory management of the fixed asset investment portfolios and their associated support cost5. Choritable octivilies expenditure includes the costs ol administering the professional activitieg of CIWM, supporting the regional Centres and membership and other activities undertaken lo further Ihe purposes ol the chorily ond the associoted support costs. Grants poyable are recognised when they hove been communicated lo the recipient and ony conditions are within the control of the grantee. Other expenditure represents those items not folling into any other heoding. Any irrecoverable V AT is charged as a cost against the oclivity for which the expenditure was incurred. 45 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2022 l Accountlng pollcles Icontinuedl Allocalion of Supporl Costs Support costs are those functions that assist the work of the charity bul do nol directly undertake charitoble octivities. Support costs include back office costs, finance. personnel. poyroll and governonce costs which support Clwm's professional ond choriloble octivities. These costs hove been ollocated behveen the cost5 of raising funds, expenditure on charitable activities and olher expenditure. The boses on which support costs have been ollocoted ore set out in Note 4. Operuling Lec75e5 CIWM classifies the lease of printing equipmenl as operating leases,. the tille to the equipment remains with the lessor and the equipment is replaced at the end of the lease period (printing equipment every 5 years) whilst the economic life ol such equipment is normolly longer. CIWM clossilies the leose ol its office os on operoling lease,. the title remains wilh the lessor and the lease hos fixed terms whilst the economic life ol the property is normally longer. CIWM has a 5 year lease lo March 2024 with a 3 year breok clause. Rentols poyoble under operating leoses ore charged lo the Statement of Financial Activities on o straight line bosis over the period of the lease. Tangible Fixed assels and depreciation Individuol fixed ossets costing £5m or more are capilalised ot cost and ore deprecioted at rotes colculoted to write off the cost less e51imoted residuol volue by equol in5tolments over Iheir estimated useful economic lives 05 follows- Office equipment including computer equipment Fixture5 ond fittings 33113f¢ On Cost 1570 to 33113% on cosl Intongible Fixed assets ond omoffhsation Individuol intongible fixed assets costing £500 or more ore copitalised ot cost ond ore amortised ot rotes calculoted to write off the cost by equol instolments over their e51imoted useful economic lives up to a maximum of len years as follows.. Compulersoltrware 20go on cost Al the end of each reporting period. the residuol volues ond useful lives of langible ond intongible 05sets ore reviewed ond odju5ted if necessory ond if circumstances indicote thot the carrying value may not be recoverable then it is adjusted lor impairment. 46 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Flnanclal Stalements for the year ended 31 December 2022 l Accounllng policles Icontinuedl Quoted Inveslments Inveslmenls lisled on a recognised stock exchange are inilially measured ol their cost and subsequently measured al lair value al the balance sheet date. All movements in value arising from investment chonges or revaluotions are shown os port of the Stotement of Finoncial Activities ond are included wilhin Unrestricted funds. Realised gains and losses and unrealised gains and losses are not seporaled in the statement of Financial Activities. Unllsled Investments Unlisted investments are held by CIWM lo generate o return on capital invested for the chority. Current asset investments Current ossel inveslments held are o COIF Chorities Deposil Fund. Interest on Ihis fund is included when receivable. Inlerests in Subsidiaries und assoclaled enlltles Interests in 5ub5idiaries, associotes and joinlly controlled entities are initiolly measured at cost and subsequently measured at cost less any accumulated impairment losses. All the 5ubsidiories except CIWM Enterpri5e5 Limiled ore currenlly domont. Financlal instruments The company has elected to apply the provisions ol Section I I 'Bosic Financiol Instruments, of FRS 102 to all of its finoncial instruments. CIWM only h05 finonciol 055ets ond finonciol liobilitie5 Of o kind thol qualify 05 b05ic financial instruments. Bosic linonciol instruments are initially recognised ol tronsaction value and subsequently measured at their settlement value. Debtors Trade and other debtors ore recognised at the settlement omount due ofter any trade discount offered. Prepoyments ore volued at the amount prepoid nel of any trade discounts due. Cash ond cash equlvalents Co5h ot bonk ond in hond includes cosh ond shorl term highly liquid investments with o short maturity of three months or less from the date of acquisition or opening of the deposit or similor account. 47 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Flnanclal Stalements for the year ended 31 December 2022 l Accountlng pollcles Iconfrinuedl Derecognition of financial ossets Finoncial assets ore derecognised only when the conlroctual rights to the cosh flows from Ihe asset expire, or when it transfers the financial asset and substanlially all the risks and rewards of ownership to another entity. Creditors and provisions Credilors and provisions are recognised where the charity hos a present obligation resulting from a past event thol will probably result in the transfer ol funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions ore normally recognised ot Iheir settlement omount alter ollowing for any trade discounts due. Derecognilion of financial liabililies Financial liabilities are derecognised when. and only when. the company's obligations are dischorged, concelled, or Ihey expire. Pensions CIWM operotes o defined contribution pension scheme, the Legol ond Generol Work Save Pension Plon. All new employees are eligible to join the Legal & Generol scheme. All existing employees and all employees joining since l May 2015 were aulomatically enrolled into Ihe Legol ond Generol Work Sove Pension Plon unle55 they hove exercised their right to opt out of scheme membership. Contributions ore charged to the Stotement of Finonciol Activities as they become poyable in occordance with the rules of Ihe scheme5. Employee benefits The cost5 of short-term employee benefits ore recognised os a liability and an expense, unless those costs are required lo be recognised as part ol the cost ol stock or fixed ossets. The cost ol any unused holiday entitlement is recognised in the period in which the employee's services ore received. Terminolion benefits are recognised immediately os an expense when the company is demonstrobly committed to terminote the employment of on employee or to provide termination benefits. 48 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Flnanclal Stalements for the year ended 31 December 2022 2 Legal status of the Charlty The Chartered Institution of Wastes Management is a Royal Chorter company and is registered as a charity in England and Wales and in Scollond.11 has no shore capital and. in the event ol the charity being wound up, no liability rests wilh either the Trustees or its members. The Trustees are listed at the start ol the Trustees Report. The registered office is Quadra, 500 Povilion Drive. Northampton Business Park. Northampton, NN4 7YJ. 3 Critical occounting estimates and judgements In the opplication ol the charity's occounting policies. the Trustees are reqLJired lo make judgement5, estimotes ond 05sumptions obout the corrying omounl of assets ond liobilities Ihat are not readily apparent from other sources. The estimates and associated assumptions are baged on historical experience and other factors that are considered to be relevant. Actual results may differ from Ihese estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to occounting e5timotes ore recognised in the period in which Ihe estimote is revised. il the revision affects only thal period, or in the period of the revision & future periods if the revision allects both current & future periods. The following judgements hove hod Ihe m05t significont effect on omounts recognised in Ihe financial slatemenl5'. The company make5 an estimale of the recoverable value of trade and other debtors based on the ageing profile of debtors ond historical experience. The annvol amortisotion charge for intongible assets is sensitive lo chonges in the estimoted lives ond re5iduol volues of the ossets. The useful economic lives and residuol values ore re-assessed annually. They are amended when necessary to reflect current eslimales. The onnuol depreciotion chorge lor property. plant ond equipment is sensitive to chonge5 in the estimoted useful economic lives ond residual values of the assets. The useful economic lives and residual values ore re- ossessed annually. They are amended when necessary lo reflect current estimotes. bl Key 50urce5 01 estimation uncertainly For the year5 ended 31 December 2022 ond 2021 the Trustees consider thot there were no key sources ol e5timotion uncertainty. 49 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Flnanclal Stalements for the year ended 31 December 2022 Analysls of Support Costs The breakdown of 5UPPOrt cost5 and how these were ollocoted between choritoble activities, the cosl of raising funds, and other activities for the yeor to 31 December 2022 is shown below. Charfloble Expendlture Actlvllles on raislng funds other Total allocated 2022 Basls Slofl time ond actual costs incurred Governance see below 101,499 101,499 Finonce & IT 291,736 8.471 8,158 308.365 stofl time ond Usage HR & General Administration Actual costs incurred 47 The breokdown ol support C05ts ond how these were ollocoted between choritoble activities, the cost of roising funds, ond other octivilies for Ihe yeor to 31 December 2021 is shown below. Charltable Expend5ture Acllvllles on rolslng lunds Olher Total ollocoted 2021 Basls Slafl time ond octuol costs incurred Governance see below 106,158 106,158 Finance & IT 292,123 6,815 7,604 306,542 Staff time and usage HR & General Administration Staff time Total 50 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2022 Analysis of Svpport Costs Icontinuedl Governance Costs Governance costs represent Ihe supporl necessary to deliver the management and reporting requirements for CIWM, the General Council and the other Commiltees and Boards. including slralegic planning lor future development. complying with conslilutional ond statutory requirements. ond satisfying public accountobility. They primarily comprise relevant proportions ol senior monogemenl time, but olso include the cosl of externol audit, legal and other professional advice. 2022 2021 General Council and other Committee & Meeting costs Audit fees Legol and professional lees Stall costs 8.290 5.121 31.387 6,873 7,469 5 Movement in net funds for the year 2022 2021 Movemenl in net lunds is skrted after charglng.. Auditors, remuneration= Audit lees - group charity Non audit lee5 - group Amortisoh"on ol intongible fixed ossels Depreciation ol tangible fixed assets Operating lease payments 24.840 24.840 2,913 14.053 41,352 78.071 31.387 31.387 413 13.828 55,667 74,859 CIWM Review 012022 **TRUSTEES' REPORT AND CONSOLIDATED FINANCIAL STATEMENTS** ## **Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2022** ## **5 Movement in net funds for the year** _(continued)_ ## **Restructuring Costs** ||**Group**
**2022**|Group
2021|**Charit**
**2022**|Charity
2021| |---|---|---|---|---| ||**£**|£|**£**|£| |Staff recruitment costs||26,494||26,494| |IT & office costs||31,290||31,290| |Legal & Professional fees||83,780||83,780| |||141,564||141,564| ## _**6**_ **Payments to General Council members** No Trustees received emoluments during the period (2021: £Nil). As permitted by the constitutional documents, reimbursement of expenses incurred when travelling to, or engaged upon, the business of the charity or its trading subsidiary amount to:- |
-||| |---|---|---| ||**2022**|2021| ||**£**|£| |Group - Travel|**2,742**|440| |Charity- Travel|**2,742**|440| |Number of Trustees|**4**|**2**| ## **7 Staff numbers and costs** The average number of persons employed by the group during the year was 36 (2021: 34) and the average number of full-time equivalent employees (including casual and part­ time staff) during the period was as follows: ||**2022**|2021| |---|---|---| ||**Number**|Number| |Charitable activities|**31**|30| |Support|**4**|4| ||**35**|34| CIWM Review of 2022 ~~**if I**~~ **TRUSTEES' REPORT AND CONSOLIDATED FINANCIAL STATEMENTS** ## **Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2022** ## **7 Staff numbers and costs** _(continued)_ The aggregate payroll costs of these persons were as follows: |**Staf numbers and costs**_(continued)_
The aggregate payroll costs of these persons were as follows:||| |---|---|---| ||**2022**|2021| ||£|£| |Wages and salaries|**1,398,590**|1,187,803| |Social security costs|**153,558**|129,671| |Pension contributions to defined contribution pension schemes|**103,039**|99,309| |Termination payments||24,645| ||**1,655,187**|1,441,428| All employees are eligible to join CIWM's health insurance schemes and premiums paid in respect of those who have opted for membership was: 2022 £9,575 _(2021: £9,968)._ CIWM also provides all employees with insurance cover for Death in Service and Permanent Health Insurance cover- premiums paid: 2021 £27,519 _(2021: £25,798)._ Key management personnel include the Trustees, Chief Executive Officer, Marketing Director, Operations Director, Professional Services Director, Commercial & Membership Director and the Policy & External Affairs Director. Total pay & benefits received by key management personnel was £525,241 (2021: £386,842). The number of employees whose emoluments (salaries and benefits in kind) exceeded £60,000 during the year is shown below. The emoluments are calculated on a full annualised basis, even if the employee concerned was only employed for part of the year in question. |
n question.||| |---|---|---| ||**2022**|**2021**| ||**No**|**No**| |£60,001 - £70,000|**4**|4| |£70,001 - £80,000|**1**|| |£80,001 - £90,000||| |£90,001 - £100,000||| |£100,001 - £110,000||| |£110,001 - £120,000||| |£120,001 -£130,000||| Pension contributions relating to employees earning more than £60,000 amounted to £37,484 _(2021: £29,564)._ The Chief Executive Officer receives a fixed monthly car allowance as part of salary. ~~**i**~~ **CIWM** Review of 2022 **TRUSTEES' REPORT AND CONSOLIDATED FINANCIAL STATEMENTS** ## **Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2022** ## **8 Income from fixed asset investments** |**Income from fixed asset investments**||| |---|---|---| ||**2022**|2021| ||**£**|£| |Income from fixed asset investments:||| |Listed and common investment funds|**101,252**|95,081| ## **9 Indemnity insurance** The CIWM Group operates trustees ’ and officers ’ liability insurance cover at a total cost of £3,360 (2021: £3,360) ## **10 Intangible and Tangible Fixed Assets** ## **Group** |**Group**||||| |---|---|---|---|---| ||**Intangible**||**Tangible**|| ||**Fixed Assets**||**Fixed Assets**|| |||**Freehold**|**Fixtures &**|**Tangible Fixed**| ||**Computer**|**land and**|**Fittings/Office**|**Assets Total**| ||**Software**|**buildings**|**Equipment**|| ||**£**|**£**|**£**|**£**| |**Cost**||||| |At 1 January 2022|275,388|716,303|216,294|1,142,440| |Additions|9,500|-|688|148,109| |Disposals|-|(716,303)|-|(834,863)| |At 31 December 2022|284,888|-|216,982|455,686| |**_Amortisaton/Depreciation_**||||| |At 1 January 2022|236,149|261,441|145,818|669,685| |Charge for year|14,053|5,619|41,352|33,958| |Disposals|-|(267,060)|-|(385,620)| |At 31 December 2022|250,202|-|187,170|318,023| |**_Net_book****_value_**||||| |**At 31 December 2022**|**34,686**|**-**|**29,811**|**137,663**| |At 31 December 2021|39,239|454,862|70,476|472,755| The net book value at 31 December 2022 represents fixed assets used for: ||**Fixtures &**||| |---|---|---|---| ||**Fittings/Office**|**Computer**|| ||**Equipment**|**Software**|**Total**| ||**£**|**£**|**£**| |Headquarters|29,811|34,686|64,497| ~~**11**~~ CIWM Review of 2022 **TRUSTEES' REPORT AND CONSOLIDATED FINANCIAL STATEMENTS** ## **Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2022** **10 Intangible and Tangible Fixed Assets** _(continued)_ |**Charit**||| |---|---|---| ||**Intangible**|**Tangible**| ||**Fixed Assets**|**Fixed Assets**| ||**Computer**
**Sofare**|**Fixures &**
**Fitings/Ofice**
**Equipment**| ||£|£| |**Cost**||| |At 1 January 2022|275,388|216,294| |Additions|9,500|688| |Disposals||| |At 31 December 2022|284,888|216,982| |**_Amortisaton/Depreciation_**||| |At 1 January 2022|236,149|145,818| |Charge for year|14,053|41,352| |Disposals||| |At 31 December 2022|250,202|187,170| |**_Net_book****_value_**||| |**At 31 December 2022**|**34,686**|**29,811**| |At 31 December 2021|39,239|70,476| The net book value at 31 December 2022 represents fixed assets used for: ||**Fixtures &**||||| |---|---|---|---|---|---| ||**Fitings/Ofice**
**Equipment**|**Computer**
**Sofare**|**Total**||| ||£|£|£||| |Headquarters|29,811|34,686|64,497||| |**Fixed asset investments**|||||| |||**Group**|Group|**Charity**|Charity| |||**2022**|2021|**2022**|2021| |||£|£|£|£| |Listed investments at market value||**5,001,662**|5,733,129|**5,001,662**|5,733,129| |Cash held within the investment portfolio||**178,199**|205,166|**178,199**|205,166| |Investment in unlisted securities||**297**|297|**297**|297| |Group undertakings||||**107**|107| |||**5,180,158**|5,938,592|**5,180,265**|5,938,699| ## **11 Fixed asset investments** CIWM Review of 2022 ~~**i**~~ IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institutlon of Wastes Management Notes to the Flnanclal Statements for the year ended 31 December 2022 I l Fixed osset investments Iconfrinuedl L5sled Investments: Group 2022 Group 2021 Charlty 2022 Charity 2021 Morkel value al l Jonuary 2022 5,733,129 5.095.761 5,733,129 5.095.761 Additions ot cost 5ole5 proceeds Nel goinl Ilossl 873,010 (781.996) {822.48l) 790,610 1689,5311 536.289 873,010 (781.996) (822.481) 790.610 1689,5311 536.289 Morket value ot 31 December 2022 5.001,662 s.7￿,729 5,1)01,662 5.733.129 Historical cost at 31 December 2022 4,647,429 4.514.207 4,647,429 4.514.207 The morket volue ol li51ed investment5 held by Ihe group can be 5ummorised 05 follows- 2022 2021 Listed investments (excluding cosh held on deposit within the portloliol S,￿7.6&2 5.733.129 No individual investment included in the portfolio is considered significant. Unll$ted Investment 2022 2021 Volue ot l Jonuory 2022 Provision Impairrnent 297 297 Value 0131 December 2022 297 297 Shares in group vndertakin95 Group 2022 Group 2021 Charlty Chorify 2021 CIWM Enterprises Limited CIWM International Limited Wosle Smort ￿MIted Re50uice 5mort limited The Waste Management Industry Training & Advisory Board Skills Ltd 100 107 107 56 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Flnanclal Stalements for the year ended 31 December 2022 I l Flxed asset Investments Iconfrinuedl The subsidiaries ol CIWM at 31 December 2022 are set out below: Name Counlry of Incorporallon and company nvmber England and Wales 102731 S631 England and Wales 1035109151 England and Woles 1083258131 England and Wales 1083308911 Nalure ol Proportion buslness of eqvlty held CIWM Enterprises Limited Nelworking events Dormonl CIWM Inlernalionol Limited Waste Smart Limited Dorrnont Resource Smart Limited Dormant Institute ol Wastes Management (Company Limited by guarantee) England and Wales 1002297241 Dormant The Waste Management Inclustry Training and Advisory Boord Limited England and Woles 1124718751 Dormont WAMITAB Limited (Company limited by guaranleel England and Wales 1111392821 Dormant The issued share copital ol CIWM Enterprises Limited is £2, divided into 2 ordinary shares of £1 eoch and shoreholders, fund5 at 31 December 2022 totalled £133,151 (2021.. £07,002). The company had a surplus of £66,149 in 202212021 SLJrplus.' £57,5461. Turnover in 2022 was £281,30912021.' £216,234). The Woste Monogement Industry Troining ond Advi50ry Boord1023322831 was dissolved on 3 Jonuory 2023. The Waste Management Industry Troining & Advisory Boord Skills Limited 1124718751 changed its name to The Woste Management Industry Training and Advisory Board Limited on 5 January 2023. 12 Debtors Group 2022 Group 2021 Charlty 2022 Charity 2021 Trode debtors Amounts owed by subsidiory undertakings Other debtors and taxation Prepayments and accrued income 588,282 459,828 580,738 449,755 514 1.174 128.579 1,768 160,259 1.102 133.730 1,767 160,259 750,309 594.660 742,764 580,022 57 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Financlal Statements for the year ended 31 December 2022 13 Credltors: amounts falllng due wlthln one year Grovp 2022 Group 2021 Chartty 2022 Chorily 2021 Trade creditors Amounts owed lo subsidiary undertaknng Other creditors Other taxation and social security Accruals Deferred income Grant Commitmer)t 57.323 49.736 58.866 3.610 36.843 110,530 194.839 459.491 85,442 49,401 105 39.772 80.690 161.341 417,619 75,(DO 70,232 98,438 195,914 462,637 85,642 72.716 71.459 162.532 427.627 75,0 970,186 859.070 949.821 823.928 CreditQTS: amounts falling dve after more than one year Grovp 2022 Group 2021 Charlty 2022 Chorily 2021 Grant Commitment- WEERT Project 198,418 198.418 198,418 198.418 14 DefeNed Income Grovp 2022 Group 2021 Char5ty 2022 Charity 2021 At beginning of the yeor Movement in the year 427,627 35.010 506.581 178.9541 417,619 41.872 493,055 175.4361 At end ol the year 462,637 427.627 459.491 417,619 Within the charity deferred income comprises membership. ollilialed organisalion subscriptions. Iroining course lees. event lees ond opproved centre lees. Within the group deferred income olso include5 event lees.. oll omovnts relote to the next occounting period. 58 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2022 15 Statement of funds Group - for Ihe yeor ended 31 December 2022 l January 2022 Inve#ment Income Expenditure Gain/lLo55esl 31 De¢ember 2022 Transfers General funds.. 7,114,845 3,889,947 13,607,793) 1822,4811 1249,0601 6,325,458 Designated funds: Projects-WEERT Projerts- EDI Strategy Proletts- Green Skills Projètts- WastsAid 250,000 1243,3461 11,5101 115,7141 iio,0001 16,6541 230,000 15,714 10,000 228,490 Total unrestricted funds 7,364,845 3,889,947 13,878,363) 1822,4811 6,553,948 Endowment funds.. Permonentenéowment Furtds Jamesjèckson award- est. 1948 PEEL Peoples Cup-est. 1988 250 250 1,000 1,000 James Sumneraward- est. 1982 Henry Daley Mernorial Award Frank Robinson Memorial Award est. 2tK)7 12,323 12,323 6,000 6,000 5,000 5,000 Total endowment funds 24,573 24,573 Total funds 7,389,418 3,889,947 13,878,3631 1822N811 6.578,521 Generol funds represent the funds ol the ¢hority which ore not de5ignoted loi porticulor purposes. The Designoted fund is unrestricted funds vthich have been put oside ot the discretion ol the General Council for the particular purpose described in Note I 'Fund accounting" In September 2022 CIWM entered into o five yeor funded portnership with the Woste Environmentol Education Research Trust IWEERTI, lor £243,346. The aim ol this project is to fund 72 student5 Iiom disodvontoged bockgrounds per annum lor five years to attend residentiol engineering courses ot the University of Oxford.. the courses tailored lo include conlenl relating lo waste treatment. In 2022 CIWM tron51erred £230,IXD to the Designoted Fund to be used to deliver CIWM's 3-year EDI Strotegy. This strategy will ensure the Institution is open and inclusive to all. regaidless ol bockgiound, obility. ethnicity, gender or sexual orientation. CIWM is committed to ensurir)g opportunities and support are lair and equal across the (xganisalion. ils membership and the whole recycling and resource managemenl sector. 59 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Flnanclal Stalements for the year ended 31 December 2022 15 Stotemenl of fvnds Icontinuedl In July 2022 CIWM tronslerred £15,714 to the Designoted Fund to fund CIWM's Green Skills reseorch. CIWhA is representing the sector on the UK Government's Green Jobs Delivery Group, focussed on sectors ond skills needed lo ensure the UK has the worktorce needed lo deliver a green industrial revolution based on the Nel Zero Strategy and 25 Year Environmenlol Plon sel out by Government. Tosked with providing data and insight about the sector. CIWM is looking lo onswer live key questions through this reseorch. to be shored with Government in 2023. The Permanent Endowment funds were established lo provide capital funds lor investment from which the income arising should be applied lor awards to further the objectives ol CIWM. To separate individual movements lor each oward would be unduly oneroLJS given the size ol the funds. Therefore. the nel deficit befv¢een income arising and awards made has been treated as a movement on general funds. Group - lor the year ended 31 December 2021 l January 2021 Inve51ment In¢ome Expendlture Gain/lLossesl 31 December 2021 Transfers General funds.. 6,755,793 3,308,658 13,085,895) 536,289 I￿,000) 7,114,845 Designated fvnds: Projetts- WEERT Projects- WasteAid 250,000 150,000 250,000 1150,0001 Total unrestricted funds 6,755,793 3.308,658 13,235,895) 536,289 7,364.845 EndovmRnt funds.. PermonentendowmentFunds JamesJackson award- est. 1948 PEEL Peoples Cup-est. 1988 James Sumner8wèrd- est. 1982 Hènry Daley Mèmorial Award Frank Robinson Memor131 Award ett. 2(K)7 250 250 1.000 1,000 12.323 12,323 6,000 6,000 5,000 5,000 Total endowment funds 24,573 24,573 Totsl funds 6,780,366 3,308.658 13,235,8951 536.289 7389,418 In November 2021 CIWM entered into an 18-monlh funded portnership with on inlernolional non- governmental orgonisotion. WosteAid UK. for 1150.WO. The aim ol this project is to support the development ol woste monogement in the Greoter Banjul Areo ol The Gombio. 60 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Flnanclal Stalements for the year ended 31 December 2022 15 stalement of funds {continued} Charity- for the year ended 31 December 2022 1 Januory 2022 Investment ILo$ses)I Gulns 31 December 2022 Income Expendlture Trunslers Generol lund$'. 7.047.845 3.645.366 13.429.361) 1822.4811 1249,0601 6,192.309 Projects- WEERT Projects- EDI Strategy Projects- Green Skills Projects- WasteAid 250.000 1243.3461 16.6541 230.000 15,714 10.000 228.490 110.0001 Total unrestricted Ivnd5 7.297.845 3.645.366 13.699,9311 1822.4811 6,420.799 Endowmentfunds= Permanent endowment Funcls Jame5 Jackson award- est. 250 250 1948 PEEL Peoples Cup- est. 1988 1.000 i.coo James Sumner award- est. 12,323 12.323 1982 Henry Doley Memorial award Fronk Robinson hAeMoriol Award est. 2CD7 6.000 6.￿0 5.000 s.￿0 Total endowment funds 24.573 24.573 Totul lunds 7,322.418 3,64S,366 13,699.931) (822,481) 6.44S,372 The Permonent Endowment funds were estoblished to provide copitol funds lor investment from which the income orising should be opplied for oword5 to further the objectives ol CIWM. To seporote individual movements lor each award would be unduly onerous given the Size ol the funds. Therefore, Ihe nel deficit between income arising and awards made has been treated os a movement on general funds. CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Flnanclal Stalements for the year ended 31 December 2022 15 Statemenl of fvnds (continued) Charlty- for the year ended 31 December 2021 l January 2021 Investment ILosses)/ Galns 31 December 2021 Income Expendlture Transfers General lunds.. 6.746.339 3.102.424 12.937.2071 536.289 1400.0001 7.047,845 Projects- WEERT Projects- WasteAid 250.000 150.000 250.CK 1150,0001 Total unrestricted funds 6,746,339 3.102.424 13.087,2071 536.289 7,297,845 Endowmenlfund5: Permanenl endowment Funds Jome5 Jackson award- est. 1948 PEEL Peoples Cup- esl. 19&8 250 250 1.000 i.￿0 Jame5 Sumner award- est. 12.323 12,323 1982 Henry Daley Memorial award Frank Robinson Memoriol Awaid e5t. 2CX)7 6,000 6.(QO 5,000 5.(QO Totol endowmenl Ivnds 24.573 24.573 Total funds 6,770.912 3,102,424 13.087,207) S36,289 7.322,418 62 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Flnanclal Stalements for the year ended 31 December 2022 16 Consolidated Stalemenl of Financial Activities for year ended 31 December 2021 Unièstrlcted funds Gènertsl Dèsignttted Endawmtrrtt Total lunds Total funds Fvnds Fur￿$ Fund5 NOIÈ 2020 Income Income from choiiltsble ot￿¥1￿*S.. Membership 5ubs¢riptiOn5 Affilioled Orgonisohon income Regionol cenlrtr Income Choritoble troding income Income from provision ofquolilic0t￿rn5 Income from trading aclfvtty.. CommÉreiol trading operahons Investment In¢ome Intere51 receivoble other income 723.297 327,640 6.194 765,486 ,129,941 723.297 327.640 6.194 765.486 1,129.941 745.720 314.873 4.926 438.232 1.137.401 216.234 95,081 272 44,513 216.234 95.081 272 44.513 103.490 3,845 102.407 Total Income 3.308.658 3.308.658 2,850.894 ExpendltLwe Expendituiè on ralsing lunds Investment management Commercial trading operalions Charilable a¢llvllles'. Choritoble Iracling expenditure Provision ol qualification5 staff costs Regional centre expenses Committee diectecl c05ts Committee wnning cost5 Premises cost5. Postage. 5totionery. commvnicotion5 Re5trucluring costs Travel and accommodation Insurcjnees and other Professional lees Amorlisalion Depreciation Lo&8 ol Disposal of ￿Xed Asset noncing costs Gronl lo SWITCH Forum Grtsnl lo Wast&Aid 135.2851 1148.3221 {35.2851 1148.3221 131.2721 19981 1275,9981 1221.1041 11.568.306) 111.2021 177.0581 1275,9981 1229.5291 1221.1061 1259.3491 11.568.306) 11.721.448) {11.2021 {77.0581 141.5731 1380,0851 1386.0851 1471.1131 1141.5641 17.9651 1103.9761 113.8281 155.6671 17.4361 126.9761 1141.5641 1271,3581 17.965) 1103.9761 {13.8281 {55.6671 17.4361 {26.9761 157.3841 148.2241 150.2401 122.4661 121.0731 1150.0001 1150.0001 Total expendltuiè {3.085.8951 1150.0001 13.235.895) 13.259.540) Net Incomel {expendllurel 222,763 1150,0001 n,763 1408.6461 Net galns/ {105sesl on InveslmeTrt assets 536,289 536.289 Nel Incomel lèxpèndlture} 759.052 1150.0001 609.052 Transfers t)etween funds 1400.0001 400.000 Nel movernent in fund$ 359,052 250.oc 609.052 Total funds Ixoughlforward 15 6,755,793 24.573 6,780.306 7.075.497 Totol funds corned forwgrd 15 7,114,845 250.oc 24.573 7,389.418 6.780,366 63 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Instilution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2022 17 Analysls of group nel assets belween funds Unreshided Endowment Funds & Re5tricled funds Total Fundbalances at31 December2022 cwerepresenledby.. Tangible and intangible fixed assets Investments Current assets Creditors falling due within one year Creditors lolling due in more thon one year 64.497 5.155.585 2.502.470 11.063.846) 1198.4181 64,497 5.180.158 2.502.470 11.063.846) 1198,4181 24.573 Total nel assets 6,460.288 24.573 6W,861 UnresM¢led Funds Endowment & Resfrided fund$ Totol Fundbolances at31 December2021 orerewesenledby.. Tongible oncl intongible fixed assets Investment5 Current o5sets Current liabilitie5 109.715 5,914.019 2,200.181 1859.0701 109,715 5,938,592 2,200,181 1859.0701 24,573 Total nèl tsssels 7.364,845 24.573 7,389.418 In the opinion of the Trustees, sufficient resources are held in an appropriole form lor each fund to be opplied in accordance with ony re51riction5 imposed. 18 Commitments Fulure minimum leose commitment5 under non-cancelloble operating leoses ot 31 December 2022 were as follows.. Group 2022 Group 2021 Chorily 2022 Chority 2021 Operating lease rentals poyable In less thon one year In thè sècond lo lillh years inclusive In more thon live yeors 78,849 23,797 77.330 IW.368 78,849 23.797 77.330 100.368 102,646 177.698 102,646 177.698 64 CIWM Review 012022 IRUSTEES, REPO*T AND CONSOLIDATED FINANCIAL STATEMENTS Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2022 19 Grant Income In April 2022. CIWM was awarded a Welsh Longuage Support Gront from Qualifications Woles to Ironslate quolificotions materials into Ihe Welsh language. 20 Related party transactlons There were no poyments mode lo trustees lor other services dvring the year. 21 Taxallon As o charity, CIWM 15 exempt from tax on the income and goins ori5ing from it5 charitoble activities and its investments to the exlent that the income and gains are applied lor charitable purposes. 65 CIWM Review 012022